Broker dealers

The acquisition comes as the Philadelphia-based firm has been in growth mode.

Rating agencies approve of AI-managed infrastructure and trading desks are automating.

The latest round of criticism sounds the alarm bells for closer examination and further exemptions for certain trades and certain broker dealers.

"It'll be very interesting to see when an event happens or the market get sloppy, what the secondary market does," said a sellside panelist at a Bond Buyer market outlook panel in Florida.

The amendments add three new scenarios that warrant disclosure under MSRB Rule G-47 on time of trade disclosure.

A letter co-sgned by Bond Dealers of America and the Securities Industry and Financial Markets Association urges the Municipal Securities Rulemaking Board to institute its 2024 rate card, for fear that reverting back to 2023 levels would be disruptive for dealers.

The hire by Missouri-based Stifel comes as some broker-dealers trim ranks amid weak issuance.

Rai joins Wells as senior strategist after he was let go by Citi in June.

The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.

The MSRB will request comment on Rule G-12 on inter dealer confirmations and seeks to codify or retire nearly 40 pieces of interpretive guidance related to it.