---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-065552"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:05:16.280216+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Siebert Financial exchanges 7% Tigress stake for full RISE ownership; plans sale of remaining 17% to director

## Summary
- Acquires full ownership of RISE by exchanging 7% of Tigress Holdings membership interests.
- Plans to sell remaining 17% stake in Tigress Holdings to director/controlling shareholder Gloria Gebbia.
- Cynthia DiBartolo resigns as CEO/director of RISE and from Siebert board; resignations effective immediately.
- Terminates purchase agreement with Hedge Connection; re-conveys 20% of Hedge Connection stock; Vioni resigns.
- Potential material one-time charge from transactions; company assessing financial impact.

## SEC filing metadata
- accession: 0001213900-22-065552
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/0001213900-22-065552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/sieb8krfd.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-065552
- JSON: https://secwatch.observer/filing/0001213900-22-065552.json
- Plain text: https://secwatch.observer/filing/0001213900-22-065552.txt

## Key facts
- Executive change
  Cynthia DiBartolo resigned as Chief Executive Officer, RISE Financial Services, LLC at SIEBERT FINANCIAL CORP.
  - Action: resigned
  - Role: Chief Executive Officer, RISE Financial Services, LLC
  source text: Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/0001213900-22-065552-index.htm
- Executive change
  Lisa Vioni resigned as Director, RISE at SIEBERT FINANCIAL CORP.
  - Action: resigned
  - Role: Director, RISE
  source text: Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/0001213900-22-065552-index.htm
- Executive change
  Lisa Vioni resigned as President, RISE Prime – Capital Introduction at SIEBERT FINANCIAL CORP.
  - Action: resigned
  - Role: President, RISE Prime – Capital Introduction
  source text: Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/0001213900-22-065552-index.htm
- Executive change
  Cynthia DiBartolo resigned as Director at SIEBERT FINANCIAL CORP.
  - Action: resigned
  - Role: Director
  source text: Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390022065552/0001213900-22-065552-index.htm

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