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Check here periodically for important notices.
| Current Notices |
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7/1/2008: Independence Day Closings
In recognition of the Independence Day holiday, the domestic equity markets will close at 1:00 p.m. ET on Thursday, July 3, 2008, and most fixed income markets will close at 2 p.m. ET. There will be no after hours trading session on July 3. The markets will be closed on Friday, July 4, 2008, and will re-open for business as usual on Monday, July 7, 2008. All of us at Siebert wish you a safe and happy holiday. |
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6/5/2008: Important Message for Clients who Trade Options
Effective June 21, 2008, the Option Clearing Corporation (OCC) will implement a change to its procedures for the automatic exercise of expiring equity options. Under these procedures, expiring equity options that are in-the-money by a certain threshold amount are automatically exercised. Currently, the in-the-money threshold amount for equity options is $0.05. The new threshold amount effective for the June expiration will be reduced to $0.01 for all accounts. For example, if an expiring equity option is-in-the money by $0.01 or more, the option will be automatically exercised at OCC unless contrary exercise instructions are submitted. For more information, please call Customer Service at 800-872-0444, 7:30 a.m. – 7:30 p.m. ET, Monday – Friday. |
| Past Notices |
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2/5/2008: Tax Reporting Statements
Most clients’ tax reporting statements were mailed by the end of January. However, in an effort to reduce the number of corrected tax forms that customers may receive, National Financial Services LLC (NFS) received a mailing extension from the Internal Revenue Service (IRS) to send selected IRS Form 1099s in mid-February 2008. This pertains primarily to holders of certain securities, mainly mutual funds and real estate investment trusts, where third-party tax information was not available in time for inclusion in tax statements mailed in January. We apologize for any inconvenience this may cause. |
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12/16/2007: New Beverly Hills Office
As of December 17, 2007, our Beverly Hills Office will be relocated to:
Muriel Siebert & Co., Inc.
9701 Wilshire Blvd., Suite 1111
Beverly Hills, CA 90212
Phone and fax numbers will remain the same. |
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9/17/2007: Important Notice for Options Accounts
The Options Clearing Corporation ("OCC") has issued a memo regarding changes to the OCC by-laws effective September 4, 2007. The changes govern the way contract adjustments are executed for a wide variety of stock splits and distributions. Individuals with options accounts may click here to view the memo.
Options trading involves substantial risk and is not suitable for all investors. Prior to entering any order involving options, you must have an approved options agreement on file with our firm and you must have been provided with a copy of the OCC's Characteristics and Risks of Standardized Options |
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8/29/2007: "Mickie" NY Times Article
Muriel "Mickie" Siebert was the focus of an article by Gretchen Morgenson on the front page of the August 26, 2007, New York Times Sunday Business Section. It provides a great summary of Mickie’s thoughts about current market volatility. In case you missed it, please click here to see the reprint. |
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2/17/2005: Good Faith Violations
Important change to the treatment of purchases in your cash account. Please visit Good Faith Violations to learn more. |
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