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Siebert Financial announces board, management changes

As part of an acquisition agreement with Kennedy Cabot Acquisition LLC, Patricia Francy, Nancy Hearn, Jane Macon and Robert Mazzarella resigned as board members of Siebert Financial Corp.

Joseph Ramos Jr. resigned as Siebert Financial's executive vice president, COO, CFO and secretary. Andrew Reich was appointed to those positions.

Reich was chairman of StockCross Financial Services Inc. from 2015 until his resignation, effective Dec. 16, when Kennedy Cabot completed the acquisition of about 87.5% of Siebert Financial's outstanding common shares from the estate of Muriel Siebert.

Gloria Gebbia, Charles Zabatta, Francis Cuttita and Reich were appointed board members of Siebert Financial by unanimous written consent of the outgoing board members to fill the vacancies created by the resignations. Gebbia is the manager and owner of all of the issued and outstanding voting member interests of Kennedy Cabot and is an owner of StockCross.

The board and management changes were effective Dec. 16.