Siebert Financial Corp. to Acquire StockCross Financial Services, Inc.
Siebert Financial Corp. (SIEB)
US:NASDAQ Investor Relations:
siebertnet.com
Company Research
Source: Business Wire
Acquisition of StockCross, a clearing broker-dealer, will add market-making, equity stock plan services, IRA custodianship, and securities lending business lines to SiebertUpon closing, Siebert will obtain an additional $1 billion in customer assets, three retail branches and 45 employeesTransaction results in clear path to economies of scale and revenue synergies NEW YORK--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ:SIEB) (“Siebert”) announced today that it entered into a binding letter of intent to acquire the remaining eighty-five percent (85%) interest in StockCross Financial Services, Inc. (“StockCross”), a clearing broker-dealer.In Q1 of 2019, Siebert purchased a 15% stake in StockCross and the current transaction will give Siebert 100% ownership of StockCross. Upon the closing of the purchase, which is subject to regulatory approval, Siebert intends to merge StockCross into Siebert’s current broker-dealer subsidiary, Muriel Siebert & Co., Inc.Gloria E. Gebbia, controlli
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SIEB
News
- Siebert Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Siebert Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Siebert Financial Corp. (NASDAQ: SIEB) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Siebert Financial Corp. (NASDAQ: SIEB) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Siebert Financial Corp. (NASDAQ: SIEB) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SIEB
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/5/24 - Form 8-K
- SIEB's page on the SEC website