The operator of a trading platform that distributes offerings for inter-dealer brokers in the municipal bond market said the Department of Justice’s antitrust division was conducting a general inquiry and that the firm has cooperated with the government.
MuniBrokers.com doesn’t restrict people from using the service and said they are not a target of an investigation, said Ed Smith, general counsel at Hartfield, Titus & Donnelly LLC , which owns the platform.
Jay Caldas, MuniBrokers.com president, said the trading system hasn’t restricted the nine inter-dealer brokers that use it from using other systems, nor has there been any agreement among ...
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