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Disclosures

Disclosures

Municipal Entity Disclosure

Before Multi-Bank Securities, Inc. (MBS) engages in a relationship with municipalities, we need to gather some information, collect some documents and explain some possible restrictions. Click here for more information.

List of Fees

The Firm does not offer any services or products that have fees or costs to retail investors.

Institutional investors MAY be charged a fee for the pledging of assets held in custody at Pershing LLC, a BNY Mellon company (Pershing). This is a fee charged by Pershing, charged monthly out of the interest income received into the pledge account. The cost of a Pershing pledge account is between 10 and 20 basis points. Contact your account representative for more information if interested.

Other Disclosures

CMOs

Government agency backing applies only to the face value of a CMO and not to any premium paid. Complex products are not suitable for all investors.

CRAs

Complex products are not suitable for all investors.

Diversification

Diversification does not guarantee investment returns, does not eliminate risk of loss in a declining market.

Example of Strategies

Strategies presented are hypothetical and not indicative of potential returns.

Excess SIPC

The description of this excess coverage shall not be construed as an implication that SIPC provides insurance.

FDIC Insurance

Although CDs may have a measure of FDIC Insurance, if the investor does not hold a CD to the end of term, the investor may lose principal; the extent to which any principal is protected is subject to the quality of the issuer’s credit and CDs are subject to the risk that the issuer might not be able to meet their scheduled interest payments; the investor may not earn interest if the instrument is not held to term or if the underlying assets perform poorly; there may be limited liquidity in the secondary market.

Financial Industry Regulatory Authority, Inc. (FINRA)

Any references to FINRA or FINRA’s BrokerCheck are not to be construed as an endorsement, implied or otherwise.

Hypothetical Calculations

Are not to be considered accounting or legal advice, nor predictions of potential returns/benefits.

Legal Entity Identifier (LEI)

 View our LEI at https://www.gleif.org/lei/2549005VYPQV10HMKP26 (for counterparties only).

NCUA Insurance

Although CDs may have a measure of NCUA Insurance, if the investor does not hold a CD to the end of term, the investor may lose principal; the extent to which any principal is protected is subject to the quality of the issuer’s credit and CDs are subject to the risk that the issuer might not be able to meet their scheduled interest payments; the investor may not earn interest if the instrument is not held to term or if the underlying assets perform poorly; there may be limited liquidity in the secondary market.

Safety

There are significant risks inherent in every investment decision. It is important to understand the characteristics and risks associated with a particular investment product and expected return prior to making an investment.

Securities Exchange Commission (SEC)

Any reference to the SEC is not to be construed as an endorsement, implied or otherwise.

Testimonials

Testimonials may not be representative of the experience of other investors and are no guarantee of future performance or success. Sources were not compensated for their testimonials.

Third-Party Links

The MBS website offers links to a variety of sites maintained by third parties. In accessing these sites, you are leaving the MBS website. These sites are managed by organizations that may or may not have a business relationship with MBS. The linked websites are not under the control of MBS. These links are only offered for use at your own discretion.

  • MBS does not provide, and is not responsible for, the product, service or overall website content available on third-party sites.
  • MBS’s privacy polices do not apply to linked websites. You should consult the privacy disclosures on each third-party site for further information.
  • Third-party websites may provide less security than MBS’s website.