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NEW YORK - Siebert Financial Corp. (NASDAQ: SIEB) has announced the appointment of Fredrick Scuteri as the Chief Operating Officer of Muriel Siebert & Co., LLC, the company’s broker-dealer subsidiary. Scuteri, with nearly 30 years of experience in institutional trading, asset management, and broker-dealer operations, will oversee the operational functions, trading infrastructure, and platform modernization at Siebert.
Scuteri’s prior roles include COO of DriveWealth Institutional and Vice President and Head of Trading Operations and Treasury at AQR Capital Management. His expertise is expected to drive Siebert’s operational capabilities forward, particularly in streamlining workflows, increasing transparency, and integrating automation and AI technologies. The appointment comes as Siebert maintains a healthy financial position, with InvestingPro analysis showing the company trading at an attractive P/E ratio of 8.5 and receiving a "GOOD" overall financial health score.
John J. Gebbia, CEO of Siebert Financial, praised Scuteri’s ability to "turn complexity into clarity," which he believes will significantly contribute to the company’s growth. John M. Gebbia, Principal at Siebert Financial, also emphasized Scuteri’s forward-thinking approach to optimizing capital and workflows, which is anticipated to prepare the firm’s systems for scalability.
Scuteri holds a FINRA Series 27 license, a finance degree, an MBA from St. John’s University, and has recently completed certifications in Generative AI and Advanced Prompt Engineering from Vanderbilt University.
Siebert Financial, a member of the NYSE since 1967, provides a range of brokerage and financial advisory services through its subsidiaries. The company has a legacy of resilience and innovation, stemming from its founder, Muriel Siebert, the first woman to own a seat on the NYSE and to head one of its member firms. InvestingPro subscribers can access additional insights, including 8 more ProTips and detailed financial metrics that help evaluate the company’s growth potential and market position.
This strategic appointment is based on a press release statement and comes as Siebert continues to invest in infrastructure to support its growth across institutional and retail channels. Scuteri’s role is pivotal in ensuring the firm’s operations are well-equipped to handle the evolving demands of the financial services industry.
In other recent news, INX Ltd has submitted its annual financial report to the SEC, complying with Form 6-K requirements for foreign private issuers. The report, covering the fiscal year ending December 31, 2024, includes the Annual Information Form, Management’s Discussion and Analysis, and Consolidated Financial Statements. Although specific financial figures were not disclosed, the filing offers insights into INX Ltd’s financial performance and management’s perspective on its condition. Meanwhile, Siebert Financial Corp has updated its auditor’s consent in an SEC filing, relating to the firm’s Annual Report for the fiscal year ending December 31, 2024. This amendment, which does not affect previously reported financial results or disclosures, was filed to modify the date of the audit opinion and registration statement references. Siebert Financial emphasized that this procedural update maintains the integrity of their financial reporting. Both companies have demonstrated their commitment to regulatory compliance and transparency through these filings.
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