Municipal securities—including municipal bonds or "muni bonds"—are securities issued by states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other projects.
Municipal securities also include bonds issued by a governmental entity, referred to as the "conduit issuer," to finance a project to be used primarily by a third party, a for-profit entity or a non-profit entity, such as a 501(c)(3) organization, referred to as the "conduit borrower."
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The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AZ, CA, CT, FL, MI, MN, MO, OH, OR, TX, VA and UT.
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