Siebert Financial Corp. Announces Inclusion in the Russell 2000® Index
July 09 2019 - 9:28AM
Business Wire
Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) announced it
has been included in the Russell 2000® Index as part of the 2019
Russell U.S. Indexes reconstitution, effective after the U.S.
market opened on July 1.
Gloria E. Gebbia, controlling shareholder and board member of
Siebert, said, “We are very pleased to be included in the Russell
2000® Index. Our inclusion represents an opportunity to further
increase our visibility and exposure among investors. We look
forward to expanding our shareholder base and working to drive
additional shareholder value.”
Russell U.S. indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell U.S. indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
About Siebert Financial Corp.
Siebert Financial Corp. is a holding company that conducts its
retail discount brokerage business through its wholly-owned
subsidiary, Muriel Siebert & Co., Inc. (“MSCO”), which became a
member of the New York Stock Exchange (“NYSE”) in 1967 when Ms.
Siebert became the first woman to own a seat on the NYSE and the
first to head one of its member firms. The company conducts its
investment advisory business through its wholly-owned subsidiary,
Siebert AdvisorNXT, Inc. (“AdvisorNXT”), a registered investment
advisor, and its insurance business through its wholly-owned
subsidiary, Park Wilshire Companies Inc. (“PWC”), a licensed
insurance agency. Siebert’s fourth wholly-owned subsidiary, KCA
Technologies, LLC (“KCAT”), is a developer of robo-advisory
technology. Siebert is headquartered in New York City with 13
retail branches throughout the continental U.S. Siebert is under
common control with StockCross Financial Services, Inc.
(“StockCross”). More information is available at
www.siebertnet.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. For over 30 years,
leading asset owners, asset managers, ETF providers and investment
banks have chosen FTSE Russell indexes to benchmark their
investment performance and create ETFs, structured products and
index-based derivatives.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Notice to Investors
This communication is provided for informational purposes only
and is neither an offer to sell nor a solicitation of an offer to
buy any securities in the U.S. or elsewhere.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such “forward-looking statements” involve risks and
uncertainties and known and unknown factors that could cause the
actual results of Siebert Financial Corp. (the “Company”) to be
materially different from historical results or from any future
results expressed or implied by such “forward-looking statements”,
including without limitation: changes in general economic and
market conditions; changes and prospects for change in interest
rates; fluctuations in volume and price of securities; changes in
demand for brokerage services; competition within and without the
brokerage business, including the offer of broader services;
competition from electronic discount brokerage firms offering
greater discounts on commissions than the Company; the prevalence
of a flat fee environment; limited trading opportunities; the
method of placing trades by the Company’s customers; computer and
telephone system failures; the level of spending by the Company on
advertising and promotion; trading errors and the possibility of
losses from customer non-payment amounts due; other increases in
expenses and changes in net capital or other regulatory
requirements. As a result of these and other factors, the Company
may experience material fluctuations in its operating results on a
quarterly or annual basis, which could materially and adversely
affect its business, financial condition, operating results, and
stock price, as well as other risks detailed in the Company’s
filings with the Securities and Exchange Commission (“SEC”).
Accordingly, investors are cautioned not to place undue reliance on
any such “forward-looking statements.” The Company undertakes no
obligation to update the information contained herein or to
publicly announce the result of any revisions to such
“forward-looking statements” to reflect future events or
developments. An investment in the Company involves various risks,
including those mentioned above and those which are detailed from
time to time in the Company’s SEC filings, copies of which may be
obtained from the Company or through the SEC’s website.
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version on businesswire.com: https://www.businesswire.com/news/home/20190709005523/en/
FOR: SIEBERT FINANCIAL CORP.
Investors and Media Melissa Sheer Kent Place Communications
melissa@kentplacellc.com 917-690-2199
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