THE FOLLOWING STATEMENT MUST BE READ AND AGREED UPON BEFORE ENTERING
THE CTA SITE
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.
