SIEBERT FINANCIAL CORP. (NASDAQ:SIEB) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant.
(a) On April 25, 2017, Siebert Financial Corp. (the Company)
dismissed EisnerAmper LLP (EisnerAmper) as its independent
registered public accounting firm. The decision to change
independent registered public accounting firms was approved by
the Audit Committee of the Companys Board of Directors.
The audit reports of EisnerAmper on the consolidated financial
statements of the Company as of and for the years ended December
31, 2016 and 2015, did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles.
During the two fiscal years ended December 31, 2016, and the
subsequent interim period through April 25, 2017, there were no:
(1) disagreements with EisnerAmper on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved
to their satisfaction would have caused them to make reference in
connection with their opinion to the subject matter of the
disagreement, or (2) reportable events (as defined in Item
304(a)(1)(v) of Regulation S-K).
The Company provided EisnerAmper with a copy of this Form 8-K,
and requested that EisnerAmper furnish it with a letter addressed
to the SEC stating whether it agrees with the statements made by
the Company in this Item 4.01, and, if not, stating the respects
in which it does not agree. The letter of EisnerAmper addressed
to the SEC is attached hereto as Exhibit No. 16.1.
(b) On April 24, 2017, the Audit Committee of the Board of
Directors of the Company engaged Baker Tilly Virchow Krause, LLP
(BTVK) as the Companys independent registered public accounting
firm for the fiscal year ended December 31, 2017. During the two
fiscal years ended December 31, 2016, and the subsequent interim
period through April 24, 2017, neither the Company nor anyone
acting on its behalf consulted with BTVK regarding (i) the
application of accounting principles to a specific transaction,
either completed or proposed, or the type of audit opinion that
might be rendered on the Companys financial statements, and
neither a written report or oral advice was provided to the
Company that BTVK concluded was an important factor considered by
the Company in reaching a decision as to any accounting,
auditing, or financial reporting issue; (ii) any matter that was
the subject of a disagreement within the meaning of Item
304(a)(1)(iv) of Regulation S-K; or (iii) any reportable event
within the meaning of Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
The following exhibit is attached to this Form 8-K:
Exhibit No. Description
16.1 Letter from EisnerAmper, LLP
About SIEBERT FINANCIAL CORP. (NASDAQ:SIEB)
Siebert Financial Corp. is a holding company that conducts retail discount brokerage business through its subsidiary, Muriel Siebert & Co., Inc. (Siebert). The Company’s Siebert’s principal activity is providing online and traditional brokerage and related services to retail investors. It is also an investment advisor through a subsidiary, Siebert Investment Advisors, Inc. (SIA). SIA offers advice to clients regarding asset allocation and the selection of investments. A subsidiary, Siebert’s Women’s Financial Network Inc. (WFN), is engaged in providing products, services and information devoted to women’s financial needs. Siebert develops and maintains its retail customer base through printed advertising in financial publications, Internet advertising and social media. The Retail Division includes discount brokerage and related services, independent retail execution services, retail customer service, retirement accounts, customer financing, and information and communications systems. SIEBERT FINANCIAL CORP. (NASDAQ:SIEB) Recent Trading Information
SIEBERT FINANCIAL CORP. (NASDAQ:SIEB) closed its last trading session up +0.10 at 3.99 with 3,320 shares trading hands.