Siebert Financial expands securities finance business

Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a provider of financial services, is excited to announce today the hiring of Anthony Palmeri and Jerry Losurdo to lead Siebert’s Securities Finance Group within its broker-dealer subsidiary, Muriel Siebert & Co., Inc. (“MSCO”).

In January 2020, Siebert closed on its purchase of StockCross. The transaction added market-making, equity stock plan services, IRA custodianship, and securities lending to Siebert’s current business lines. In addition, Siebert gained $1 billion in customer assets, three retail branches, and an opportunity to drive significant economies of scale as well as revenue synergies.

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