The bond I'm trying to purchase has these details
Code: Select all
Action: New Issue Order Quantity: [ ] 1 bond equals $1,000 face value. Municipal bonds must be purchased in increments of 5.
Is there any reason for Fidelity to believe that I'm unfit to own this? Or that I'm unable to pay $5,000?Based on the Financial Profile information you provided for this account, you are attempting to purchase a security that Fidelity believes is unsuitable or for a quantity that exceeds what Fidelity believes is suitable.
Am I making a mistake somewhere and actually buying $500,000 in bonds on margin?