Muriel Siebert

Muriel Siebert
(1932 - )


Quick Facts
Birth:
1932
Death:


Year Inducted:
1994

Achievement In:
Business



On December 28, 1967, in a single instant the face of high finance in America was changed forever when Muriel Siebert became the first woman - one among 1,365 men - to own a seat on the New York Stock Exchange.

Siebert began her career in finance working for various brokerages, and in 1967 began her own firm, beginning by doing research for institutions and buying and selling financial analyses. In 1975, Muriel Siebert and Company became the nation's first discount broker, when the Securities and Exchange Commission first permitted broker commissions to be negotiable. In 1977, Siebert became the Superintendent of Banks for the State of New York, with oversight of all of the banks in the state, regulating about $500 billion. Not one bank failed during her tenure, despite failures nationwide. In 1990 she created the Siebert Philanthropic Program, through which she shares half of her firm's profits from new securities underwriting with charities of the issuers' choices. The program offers buyers of new securities a chance to help charities in their communities. More than $2 million has been contributed through this innovative program.

Additional Resources:
With Susan Kleinman. The Big Apple Business and Pleasure Guide? 501 ways to work smarter, play harder, and live better in New York City. New York: MaterMedia, 1992.

Changing the Rules: Adventures of a Wall Street Maverick. The Free Press, September 2002.

http://www.siebertnet.com/html/mickie.html.




National Women's Hall of Fame 76 Fall Street P.O. Box 335, Seneca Falls, NY 13148 Phone 315.568.8060

Photo Credits