---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-104746"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:10:40.137594+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Siebert Financial acquires remaining 32% of RISE Financial for $3.7M

## Summary
- Purchased 32% minority interest in RISE Financial Services for $3.7M aggregate price.
- Includes 24% stake from director Gloria E. Gebbia; all selling holders received carrying value.
- RISE becomes wholly-owned subsidiary; has been largely inactive since acquisition.
- Purpose: capital restructuring to support potential strategic opportunities at RISE.

## SEC filing metadata
- accession: 0001213900-25-104746
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390025104746/0001213900-25-104746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390025104746/ea0263318-8k_siebert.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-104746
- JSON: https://secwatch.observer/filing/0001213900-25-104746.json
- Plain text: https://secwatch.observer/filing/0001213900-25-104746.txt

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