Stephen Broden
Working in public finance makes it possible for me to support the hard-working local government professionals that form the backbone of our communities.

Stephen Broden

Senior Arbitrage Consultant | Managing Director
Stephen Broden

Stephen brings more than 13 years’ experience in providing arbitrage calculations and bond compliance training to his role as a Senior Arbitrage Consultant and Managing Director. Prior to joining the firm in 2018, Stephen managed the national arbitrage practice at Arbitrage Compliance Specialists, Inc. and spent an additional decade working in the financial services industry. His proactive approach to arbitrage compliance guides clients through the complexities of Internal Revenue Service reporting requirements and rebate analysis.

Stephen has a wonderful wife, three kids, one dog and a bunny at home. When he’s not working, you’ll find him swimming, hiking, gardening, reading or just spending some quiet time watching movies with his family.

Areas of Expertise

Arbitrage Consulting

Pre-Issuance Arbitrage Guidance
Arbitrage Database Implementation & Management
Expenditure & Investment Analysis
Arbitrage Reporting
Internal Revenue Service Compliance
Internal Revenue Service Audit Response
Arbitrage Training

Licenses & Certifications

FINRA Series 6: Investment Company & Variable Contracts Products Representative (Inactive)
FINRA Series 63: Uniform Securities Agent (Inactive)

Professional Affiliation & Memberships

National Association of Bond Lawyers
Colorado Government Financial Officers Association
Colorado Special District Association
Minnesota Government Financial Officers Association
Wisconsin Government Financial Officers Association


Bachelor’s Degree in Financial Management, University of Colorado-Denver

Community Involvement

American Cancer Society – Donor/Volunteer
American Heart Association – Donor/Volunteer
Habitat for Humanity – Volunteer
Junior Achievement – Volunteer
Mile High United Way – Volunteer
World Compass Academy – Board Treasurer