SIEBERT FINANCIAL CORP. (NASDAQ:SIEB) Files An 8-K Other EventsItem 8.01 Other Events.
Siebert Financial Corp. (the "Company") is providing the following information to update the investing public regarding the Company's total of restricted and unrestricted shares. There are currently 27,157,188 shares of the Company's common stock outstanding. 20,699,870 are control/restricted shares. The remaining 6,470,081 shares (23.8% of the total outstanding) of the Company's common stock are without restrictions.
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.