---
schema_version: "secwatch.filing_event.v1"
accession: "0000891092-22-000204"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:09:22.733658+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Siebert subsidiary RISE buys 20% of Hedge Connection for $600K; option to buy remaining 80%

## Summary
- RISE Financial Services acquires 20% equity stake in Hedge Connection for $600,000, payable over 180 days.
- RISE obtains option to purchase remaining 80% of Hedge Connection at fair value (min $5M valuation).
- RISE secures technology license for Fintroz capital introduction platform at $250,000 annual fee.
- Lisa Vioni appointed President of RISE Prime – Head of Capital Introductions and to RISE Financial board.
- Investment supports Siebert's ESG/diversity strategy; RISE Prime offers diverse prime brokerage services.

## SEC filing metadata
- accession: 0000891092-22-000204
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000089109222000204/0000891092-22-000204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000089109222000204/sieb8krfd.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891092-22-000204
- JSON: https://secwatch.observer/filing/0000891092-22-000204.json
- Plain text: https://secwatch.observer/filing/0000891092-22-000204.txt

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