FISN will endeavor to supply a Prospectus for secondary market issues but cannot guarantee availability.
Fixed Rate Callable Corporate Securities are fixed income notes purchased at the FISN Division of Landolt Securities, Inc.
If you have opened a new account you need to fund the account by sending a fed funds wire or a check.
It is not necessary to open a new account for each security purchase.
If you already have an FISN brokerage account, you may purchase your income investments immediately.
The securities are not bank deposits and are not FDIC insured, even when the issuer is a bank.
The FDIC insures bank deposits not bank-issued securities. The following is an explanation of the top credit ratings.
Paperwork is returned to the FISN Division of Landolt Securities, Inc. Issuers of Income Investments offered by the FISN Division of Landolt Securities, Inc. Non-Investment grade securities (a rating below BBB) are occasionally offered and are labeled as such.
Low rated investments are often termed “junk” for a reason.Accounts are held at National Financial Services LLC., which provides Clearing, Custody and Safekeeping services for Landolt Securities.A brokerage account may hold many different securities.The rating for each individual investment should be evaluated based the rating criteria.Both credit rating of the issuer and the credit rating of any underlying security of the investment (such as Reverse Exchangeable securities) should be considered when making an investment decision. Upgrades and downgrades in credit ratings change the risk profile of issuers and possibility the market prices of their securities. This rating is assigned to the "best" credit risk relative to all other issuers or issues.Investors can select corporate securities that meet their needs for credit quality, yield and return of principal.