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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-97-001960.txt : 19970306
<SEC-HEADER>0000950123-97-001960.hdr.sgml : 19970306
ACCESSION NUMBER:		0000950123-97-001960
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970218
ITEM INFORMATION:		Change in fiscal year
FILED AS OF DATE:		19970305
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIEBERT FINANCIAL CORP
		CENTRAL INDEX KEY:			0000065596
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				111796714
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05703
		FILM NUMBER:		97551098

	BUSINESS ADDRESS:	
		STREET 1:		182 SMITH ST
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201
		BUSINESS PHONE:		7188526100

	MAIL ADDRESS:	
		STREET 1:		182 SMITH ST
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICHAELS J INC
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported): February 18, 1997


                             Siebert Financial Corp.
               (Exact Name of Registrant as Specified in Charter)

New York                            0-5703                   11-1796714
(State or Other                     (Commission              (I.R.S.  Employer
Jurisdiction of                    File Number)              Identification No.)
Incorporation)

             885 Third Avenue, Suite 1720, New York, New York 10022
               (Address of Principal Executive Offices) (Zip Code)

       Registrant's telephone number, including area code: (212) 644-2400



          (Former Name or Former Address, if Changed Since Last Report)
<PAGE>   2
Item 8.  CHANGE IN FISCAL YEAR.

         Effective February 18, 1997, the Board of Directors of Siebert
Financial Corp. (the "Corporation") approved a change in the Corporation's
fiscal year from March 31 to December 31 of each year, such change to take
effect as of December 31, 1996. The report covering the transitional period
will be included in the Corporation's Annual Report on Form 10-K for the
fiscal year ended December 31, 1996.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.

                                                  SIEBERT FINANCIAL CORP.
                                                  (Registrant)



                                                  By: /s/ Muriel F. Siebert
                                                      --------------------------
                                                      Muriel F. Siebert
                                                      President

Dated:  March 5, 1997



                                     Page 2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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