---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-085586"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:51:02.603692+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Siebert reports Q3 EPS $0.07 vs $0.03; sends MAE notice to Kakaopay over Korean action

## Summary
- Revenue $18.1M (+26% YoY), net income $2.8M (+155%), EPS $0.07 vs $0.03.
- Total retail accounts 128,727; customer net worth $14.6B.
- On Nov 11, Siebert notified Kakaopay of MAE due to Korean regulatory actions against Kakaopay and parent Kakao Corp.
- Siebert considering termination of Second Share Purchase Agreement to issue 25.8M shares at $2.35; Kakaopay responded disagreeing.
- Received approval for Fully Paid Securities Lending in Oct; moved HQ to Miami Beach.

## SEC filing metadata
- accession: 0001213900-23-085586
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390023085586/0001213900-23-085586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390023085586/ea188202-8k_siebert.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-085586
- JSON: https://secwatch.observer/filing/0001213900-23-085586.json
- Plain text: https://secwatch.observer/filing/0001213900-23-085586.txt

## Key facts
- Earnings Releases
  SIEBERT FINANCIAL CORP reported third quarter ended September 30, 2023 results: revenue $18.1 million, net income $2.8 million, EPS $0.07.
  - Period: third quarter ended September 30, 2023
  - Revenue: $18.1 million
  - Net income: $2.8 million
  - EPS: $0.07
  - Result: reported results
  source text: Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) , a diversified provider of financial services, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Revenue of $18.1 million compared to $14.3 million in the third quarter of 2022 ● Net income available to common stockholders of $2.8 million compared to $1.1 million in the third quarter of 2022 ● Earnings per share of $0.07 compared to $0.03 in the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390023085586/0001213900-23-085586-index.htm

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