Muriel “Mickie” Siebert, 1928-2013

  • Muriel-Siebert-WWP

Woman Category: Business & Entrepreneurship, Economics & Finance, and PhilanthropyWoman Tags: Businesswoman and NYC Women

  • HerStory
    Muriel “Mickie” Siebert, 1928-2013

    The first woman to own a seat on the New York Stock Exchange, known as “The first woman of finance.”

    Born and raised in Cleveland, Ohio, in a Jewish family. After graduating high school, she attended Western Reserve University but left when her father got ill, without getting a degree. At 22, she began her career working for various brokerages, and after moving to NYC at 26, she worked as an analyst at several financial services companies.
     
    In 1967, at the age of 39, she founded her own firm – Muriel Siebert & Co., Inc. In the same year, she applied for a seat on the NYSE but was declined with a request to secure $300,000 funding from a bank, but no bank would lend her the money until she is admitted at the NYSE. It did not stop her, and at the end of that year, her application was approved, and she became the first woman NYSE member.
     
    Ten years later, she was named Superintendent of Banks for the state of New York – overseeing all the banks in the state. During the five years she served in this position, not a single bank failed. During the 1990s, her company merged with another company, which enabled them to liquidate and to become a publicly-traded company. After the merger, she remained president of her firm.
     
    Siebert was a leading advocate for women and minorities in the banking and finance industry. She believed that undermining the contribution of women in government, business, and leading roles are putting the US at a disadvantage compared to other countries. She founded the “Siebert Entrepreneurial Philanthropic Plan,” in which she shared half of her company profits with charities of the issuer’s choice, offering them to help their community. Additionally, she served as president of the New York Women’s Agenda, in which she developed a program promoting financial literacy for women. Through the Muriel F. Siebert Foundation, she developed a financial literacy program for middle and high school students as well as adults, teaching them essential financial and business skills.
     

    “You create opportunities by performing, not complaining”

    “You create opportunities by performing, not complaining”

     

    More Interesting Anecdotes:

    • She never married or had children.
    • When she joined the exchange, she was the only woman out of 1,365 male members.
    • She rang the closing bell twice – in honor of her 30th and 40th anniversary on the New York Stock Exchange.
    • Siebert Hall at the New York Stock Exchange is named in her honor, the first room at NYSE to be named after an individual.
  • More About Her Legacy
    Awards:

    * Inducted into the National Women's Hall of Fame
    * Inducted into the Junior Achievement US Business Hall of Fame
    * Awarded 20 honorary doctorates

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    Muriel “Mickie” Siebert, 1928-2013

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  • Muriel “Mickie” Siebert, 1928-2013

    Woman Tags: Businesswoman, NYC Women
     

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    New York Stock Exchange as stock analyst Muriel Siebert took her seat among along the previously all

    (2 Dec 1968) 01/02/68 a0046382
    new york city: New York Stock Exchange as stock analyst Muriel Siebert took her seat among along the previously all-male financial community:
    uncut "women - stock exchange"

    (shot 12/2/68 150ft)
    new york stock exchange
    siebert, muriel - sof
    women, stock broker
    sisc (aginst) women
    morriosn / 150 ft / 16 neg / d34110


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  • Photo credit - Pixabay.

  • Citations and Additional References:
    Investopedia website.
    Wikipedia page.


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