SIEB Siebert Financial Dashboard

Risks

• Legislation has and may continue to result in changes to rules and regulations applicable to our business, which may negatively impact our business and financial results.
• We are subject to extensive government regulation and to third party litigation risk and regulatory risk which could result in significant liabilities and reputational harm which, in turn, could materially adversely affect our business, results of operations and financial condition.
• We are subject to net capital requirements.
• We rely on information processing and communications systems to process and record our transactions.
• Failure to protect client data or prevent breaches of our information systems could expose us to liability or reputational damage.
• We may be exposed to damage to our business or our reputation by cybersecurity breaches.
• An increase in volume on our systems or other events could cause them to malfunction.
• Rapid market or technological changes may render our technology obsolete or decrease the attractiveness of our products and services to our clients.
• Potential strategic acquisitions and other business growth could increase costs and regulatory and integration risks.
• We may be unable to realize the anticipated benefits of our cost cutting efforts or it may take longer than anticipated for us to realize any benefits from increased cost efficiencies or economies of scale, if at all.
• We depend on our ability to attract and retain key personnel.
• Our customers may fail to pay us.
• Our advisory services subject us to additional risks.
• There may be a limited public market for our Common Stock; Volatility.
• Our principal shareholder has the ability to control key decisions submitted to a vote of our shareholders.
• The price of our Common Stock in the public markets has experienced, and may in the future experience, extreme volatility due to a variety of factors, many of which are beyond our control.
• Our future ability to pay dividends to holders of our Common Stock is subject to the discretion of our Board of Directors and will be limited by our ability to generate sufficient earnings and cash flows.
• Securities market volatility and other securities industry risk could adversely affect our business.
• A prolonged economic slowdown, volatility in the markets, a recession, and uncertainty in the markets could impair our business and harm our operating results.
• There is intense competition in the brokerage industry.
• Lower price levels in the securities markets may reduce our profitability.