610-945-2003The following statement must be read and agreed to before accessing the Managed Futures Video Series.
RISK DISCLOSURE:
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE (FOREX) CAN BE SUBSTANTIAL NO MATTER WHO IS MANAGING YOUR MONEY. THERE ARE SUBSTANTIAL RISKS AND CONFLICTS OF INTERESTS ASSOCIATED WITH MANAGED FUTURES AND MANAGED FOREX ACCOUNTS, AND YOU SHOULD ONLY INVEST RISK CAPITAL. TRADING IN COMMODITY FUTURES, OPTIONS, AND FOREX IS NOT SUITABLE FOR ALL INVESTORS. IF YOU ARE UNSURE YOUR FINANCIAL CIRCUMSTANCES PERMIT YOU TO INVEST YOU SHOULD SEEK PROFESSIONAL ADVICE.
IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:
IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.
IF YOU PURCHASE OR SELL A COMMODITY FUTURES CONTRACT OR SELL A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS OR SECURITY DEPOSIT AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.
UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A “LIMIT MOVE.”
THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A “STOP-LOSS” OR “STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.
A “SPREAD” POSITION MAY NOT BE LESS RISKY THAN A SIMPLE “LONG” OR “SHORT” POSITION.
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY INTEREST 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 FUTURES AND MANAGED FOREX 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. EACH COMMODITY TRADING ADVISOR (CTA) IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION (CFTC) TO ISSUE THE PROSPECTIVE CLIENTS A DISCLOSURE DOCUMENT OUTLINING THE FEES, CONFLICTS OF INTEREST, AND OTHER ASSOCIATED RISKS. AN INVESTOR MUST READ AND UNDERSTAND THE CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. CTAS HAVE TOTAL TRADING AUTHORITY, AND THE USE OF A SINGLE CTA COULD MEAN A LACK OF DIVERSIFICATION AND HIGHER RISK.
THE MATERIAL AND ANY VIEWS EXPRESSED HEREIN ARE PROVIDED FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE CONSTRUED IN ANY WAY AS AN ENDORSEMENT OR INDUCEMENT TO INVEST IN ANY SPECIFIC PROGRAM.
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