CFTC RISK DISCLOSURE STATEMENT
THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL.
YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS
SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN
COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE
USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.
IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO
SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE
NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES
TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR
EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A
COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE
TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR
("CTA").
THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION
("CFTC") REQUIRE THAT PROSPECTIVE CUSTOMERS OF A CTA RECEIVE A
DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN
AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT'S
COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE
HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER
SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU
SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT AND STUDY IT
CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR
YOU IN LIGHT OF YOUR FINANCIAL CONDITION. YOU ARE ENCOURAGED TO
ACCESS THE DISCLOSURE DOCUMENT BY CLICKING THE LINKS PROVIDED
UNDER EACH OF THE RESPECTIVE CTAS. YOU WILL NOT INCUR ANY
ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY
ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT,
WHICH WILL ALSO BE PROVIDED TO YOU AT NO ADDITIONAL COST. THE
CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF
THESE TRADING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF ANY OF
THESE DISCLOSURE DOCUMENTS.
OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED YOU
BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU.
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ADDITIONAL DISCLOSURE REQUIRED FOR
ADMINISTRATIVE FEES:
A COMPLETE DISCUSSION OF FEES AND CHARGES ARE
REPORTED IN THE CTA's DISCLOSURE DOCUMENT.
SPECIFICALLY, ONE SHOULD RECOGNIZE THAT AN INTRODUCING
BROKER MAY CHARGE A FRONT-END START UP FEE OF UP TO 6%
OF THE INITIAL CONTRIBUTION. PLEASE NOTE THAT THIS
CHARGE IS NOT REFLECTED IN THE PERFORMANCE OF THE
COMMODITY TRADING ADVISOR AND COULD HAVE A SIGNIFICANT
IMPACT ON THE CUSTOMERS ABILITY TO ACHIEVE SIMILAR
RETURNS. |
