---
schema_version: "secwatch.filing_event.v1"
accession: "0000891092-21-006396"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2021-09-03T23:59:59+00:00"
generated_at: "2026-06-29T05:55:21.475047+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Goldman Sachs terminates clearing agreements with Siebert's WPS; future periods materially adversely affected

## Summary
- On Aug 30, 2021, GSCO notified WPS (Siebert subsidiary) of termination of clearing agreements; GSCO clears most WPS customer trades.
- Termination will not materially adversely affect Siebert's 2021 net income, but will materially adversely affect future results.
- Siebert expects revenue/net income growth from other business lines to substantially offset WPS's lost revenue and net income.

## SEC filing metadata
- accession: 0000891092-21-006396
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2021-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000089109221006396/0000891092-21-006396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000089109221006396/sieb8k2021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891092-21-006396
- JSON: https://secwatch.observer/filing/0000891092-21-006396.json
- Plain text: https://secwatch.observer/filing/0000891092-21-006396.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.