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Siebert Financial Corp (NASDAQ:SIEB), a New York-based brokerage firm with a market capitalization of $119 million and a healthy 17% revenue growth over the last twelve months, has filed an amendment to its auditor's consent with the Securities and Exchange Commission (SEC), the company announced on Thursday.According to InvestingPro analysis, Siebert maintains a "GOOD" overall financial health score, suggesting strong operational fundamentals. Additional insights and metrics are available to InvestingPro subscribers. The amendment pertains to the consent attached to the firm's Annual Report for the fiscal year ending December 31, 2024.
This update to the auditor's consent, filed on April 10, 2025, modifies the date of the audit opinion and the registration statement references that were included in the original consent filed with the Annual Report. The updated document, now filed as Exhibit 23.1, supersedes the previous version and is intended to correct the record.
The company clarified that this amendment does not affect any previously reported financial results or disclosures. No changes to the company's financial statements or operations were indicated in the filing. The company trades at an attractive P/E ratio of 9, reflecting its current market valuation.
Siebert Financial, with its headquarters now located at 653 Collins Avenue, Miami Beach, FL, highlighted that the revised consent is a procedural update and maintains the integrity of their financial reporting.
The amendment was signed by John J. Gebbia, Chief Executive Officer and Chairman, and Andrew H. Reich, Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Secretary.
Investors and stakeholders can find the updated consent as part of the company's latest SEC filing, reflecting Siebert Financial's commitment to accurate and transparent financial reporting. This filing is based on a press release statement and does not imply any changes to the company's financial health or operational performance. The stock has shown strong momentum, posting a notable 35% return over the past six months, with InvestingPro data indicating several more positive indicators for potential investors.
In other recent news, INX Ltd has filed its annual financial report with the SEC, detailing its financial performance for the fiscal year ending December 31, 2024. The Gibraltar-based company's report includes its Annual Information Form, Management's Discussion and Analysis, and Consolidated Financial Statements. These documents offer a comprehensive overview of INX Ltd's operations and financial condition. The report was signed by President and CEO Shy Datika, ensuring compliance with the Securities Exchange Act of 1934. However, specific financial figures or performance metrics were not disclosed in the filing. Investors and stakeholders can access the full documents as part of the SEC filing, which includes necessary exhibits with detailed financial information. The company has not provided any additional commentary or forward-looking statements regarding its future performance or market position.
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