Siebert Financial Corp. shares fall 1.04% intraday as Los Angeles plans $812.7M power system revenue bonds sale.

Siebert Financial Corp. declined 1.04% in intraday trading. The recent news event about the Los Angeles Department of Water and Power planning to sell $812.7 million of power system revenue bonds to finance capital improvements and refund outstanding bonds does not directly relate to Siebert Financial Corp. Therefore, the cause of the stock's decline is not explicitly clear from the given news events.