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 CLIENTS OF A CTA
RECEIVE A DISCLOSURE DOCUMENT AT OR PRIOR TO THE TIME AN
ADVISORY AGREEMENT IS DELIVERED AND THAT CERTAIN RISK
FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS AVAILABLE UPON
REQUEST BY EMAIL. THIS BRIEF STATEMENT CANNOT
DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS
OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD READ THE DISCLOSURE DOCUMENT AND STUDY IT
CAREFULLY TO DETERMINE WHETHER
SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR
FINANCIAL CONDITION. YOU WILL NOT
INCUR ANY ADDITIONAL CHARGES BY REQUESTING THE DISCLOSURE
DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY
OF THE DISCLOSURE DOCUMENT, WHICH ALSO WILL BE PROVIDED
TO YOU AT NO COST. THE CFTC HAS NOT PASSED UPON THE
MERITS OF PARTICIPATING IN THIS TRADING PROGRAM NOR ON
THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENT.
OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED
YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU.
