On Jan 5, Siebert Financial Corp Received Letter From Nasdaq Notifying That Co No Longer Complies With Nasdaq's Listing Rules For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
Siebert Financial Corp received a notification from Nasdaq on January 5 stating that the company is no longer in compliance with Nasdaq's listing rules for continued listing, according to an SEC filing.
January 12, 2024 | 7:15 pm
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NEGATIVE IMPACT
Siebert Financial Corp has been notified by Nasdaq of its non-compliance with the exchange's listing rules, which could lead to delisting if not remedied.
Receiving a notice of non-compliance from Nasdaq is a significant negative regulatory event that can lead to delisting if the company does not take corrective action. This news is likely to negatively impact investor confidence and could result in a short-term decline in SIEB's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100