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Siebert Financial to acquire Weeden Prime Services

Siebert Financial Corp. entered into a binding agreement to buy Weeden Prime Services LLC, a subsidiary of Weeden Investors LP.

Terms of the deal were not disclosed.

Upon completion of the deal, Weeden Prime Services will become a wholly owned subsidiary of Siebert Financial.

The acquisition will add a prime brokerage business line to Siebert Financial and expand product offerings to its retail customer base.