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The information below consists of general information on how to purchase municipal securities and other general information relating to municipal securities and securities issued by LADWP. This website is not an offer to sell or solicitation of an offer to buy bonds or notes. Bonds or notes may only be purchased through an Official Statement and a broker.

  • For certain offerings, individual investors get to place their orders before institutional investors, such as mutual funds or insurance companies.
  • They earn the same investment return as institutional investors who buy the same bonds or notes.
  • They do not pay the upfront brokerage fee/commission. (Individuals should check with their broker to learn about any other transaction or account maintenance fees.)