Muriel Siebert, 80, was the first woman to own a seat on the New York Stock Exchange. She began her financial career in 1967 with the founding of Muriel Siebert & Co. Inc. She was elected to the NYSE in December 1967 after months of battling against unfair conditions set by members opposed to her joining the stock exchange. She was also an outspoken advocate for women getting involved in business and often cited women executives as a competitive edge for American businesses.
Born: 1932-09-12 – Died: 2013-08-24
Muriel Siebert, a pioneer in the world of finance and a trailblazer for women in the industry, made history in 1967 when she became the first woman to own a seat on the New York Stock Exchange (NYSE). This milestone achievement shattered a long-standing barrier in the male-dominated world of Wall Street and paved the way for future generations of women to pursue careers in finance.
Siebert’s journey to the NYSE was nothing short of remarkable. Born in Cleveland, Ohio, in 1928, she had a strong passion for finance from a young age. After graduating from Western Reserve University in 1952, Siebert began her career as a trainee at Bache & Company, where she quickly rose through the ranks and proved herself as a savvy investor and skilled trader.
In 1967, despite facing numerous rejections due to her gender, Siebert made history by purchasing a seat on the NYSE for $445,000, becoming the first woman to do so. This groundbreaking achievement demonstrated her determination and resilience and highlighted the importance of diversity and inclusivity in the financial world.
Throughout her career, Siebert continued to break barriers and pave the way for women in finance. In 1975, she founded her brokerage firm, Muriel Siebert & Co., Inc., which became the first woman-owned member firm of the NYSE. She also served as the first woman superintendent of banking for the State of New York and was a fierce advocate for financial literacy and investor protection.
Siebert’s impact on the financial industry extended far beyond her accomplishments. She mentored and supported countless women in finance, encouraging them to pursue their ambitions and break through the glass ceiling. Her legacy continues to inspire and empower women in finance and beyond.
In recognition of her contributions to the industry, Siebert was inducted into the National Women’s Hall of Fame in 1994 and was awarded the National Medal of Technology and Innovation in 2003. She passed away in 2013 at 80, leaving behind a legacy of trailblazing achievements and a lasting impact on the world of finance.
Muriel Siebert’s pioneering spirit, determination, and dedication to breaking barriers for women in finance serve as a reminder of the importance of diversity and inclusion in all industries. Her legacy continues to inspire and empower women to pursue their dreams and shatter stereotypes, proving that anything is possible with hard work, resilience, and perseverance.
