FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

 OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       
1. Name and Address of Reporting Person * Kakaopay Corp 2. Date of Event Requiring Statement (MM/DD/YYYY)
5/18/2023 

 3. Issuer Name and Ticker or Trading Symbol SIEBERT FINANCIAL CORP [SIEB]
(Last)        (First)        (Middle)
15F, TOWER B, 166 PANGYOYEOK-RO, BUNDANG-GU, GYEONGGI-DO		 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)
SEONGNAM-SI, M5 13529      
(City)              (State)              (Zip)
 5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 par value per share  8075607  D (1)  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(MM/DD/YYYY)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  The reported shares of Common Stock, $0.01 par value per share, of the Issuer ("Common Stock"), were issued and sold to Kakaopay Corporation ("Kakaopay") at a purchase price of $2.15 per share. Kakaopay is a subsidiary of Kakao Corporation ("Kakao"). By virtue of this relationship, Kakao may be deemed to beneficially own the shares of Common Stock held by Kakaopay. Each of Kakaopay and Kakao disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.

Remarks:
See Exhibit 24.1 - Power of Attorney (Kakaopay Corporation); See Exhibit 24.2 - Power of Attorney (Kakao Corporation)

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kakaopay Corp
15F, TOWER B, 166 PANGYOYEOK-RO
BUNDANG-GU, GYEONGGI-DO
SEONGNAM-SI, M5 13529
X

Kakao Corp
TOWER A, 166 PANGYOYEOK-RO
BUNDANG-GU, GYEONGGI-DO
SEONGNAM-SI, M5 13529
X


Signatures
Kakaopay Corporation, By: /s/ Brian N. Wheaton, Attorney-in-Fact 5/26/2023
**Signature of Reporting Person Date
Kakao Corporation, By: /s/ Brian N. Wheaton, Attorney-in-Fact 5/26/2023
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Siebert Financial (NASDAQ:SIEB)
Historical Stock Chart
From Sep 2023 to Oct 2023 Click Here for more Siebert Financial Charts.
Siebert Financial (NASDAQ:SIEB)
Historical Stock Chart
From Oct 2022 to Oct 2023 Click Here for more Siebert Financial Charts.