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Siebert Financial delays Form 10-K filing

Siebert Financial Corp. is delaying the filing of its annual report for the 2016 year, writing that its acquisition agreement in the fourth quarter of that year complicated its review of financial statements.

Kennedy Cabot Acquisition LLC completed its majority acquisition of the company in December 2016, which resulted in a change of control, and the appointment of a new board, audit committee and executive officer.

The company expects to complete and file its Form 10-K within the provided grace period.