Broker dealers

Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

The evolution of muni advocacy has been in progression for years, though it was further galvanized by the shock and dismay at the 2017 tax reform.

The deal will end the family owned Baum's 91-year run in the municipal bond business.

St. Louis-based Stifel said it had reached a definitive agreement to acquire certain assets of Baum, including its municipal bond business.

The two-day trial in PHC’s antitrust lawsuit against Nuveen is set to begin unless the two sides reach a last-minute settlement.

The firm opened its fifth California office by hiringbanker José Vera in Pasadena.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

As Stephen Heaney retires from Stifel Financial, Betsy Kiehn is stepping up to a new capital markets position at the firm.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

The court put off a formal ruling for 10 days but made clear it expects to lift the confidentiality seal on bank transcripts with only limited redactions.

On Wednesday, the SEC approved the final rule 3-1, with Commissioner Robert Jackson voting against the rule.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

Though some dealers endured a technological headache, the year-old rules have improved transparency without disrupting trading, the MSRB said.

Kyle Javes will fill a new post at Piper Jaffray as the firm seeks to expand in specialty sectors.

The veteran-majority owned firm has hired its first banker — Chicago-based Frank Paul.

Bankers have until May 1 to submit their qualifications and their ideas to finance a $250 million expansion.

The MSRB said Rule G-29 doesn't make sense anymore since the rulebook can be accessed online.

On deck for the meeting scheduled for next week, the MSRB's Board of Directors will discuss pennying, upcoming EMMA enhancements and financial disclosure timeliness by issuers.

A Chicago area broker-dealer agreed to pay a $25,000 to settle FINRA charges that it relied on alternative trading systems and failed to maintain its own risk-management controls.