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Risk Disclosure

Certain transactions, including those involving futures, options,
and high-yield securities, give rise to substantial risk and are not suitable
for all investors.

Many of the products described on this website involve significant
risks, and you should not enter into any transactions unless you have fully understood
all such risks and have independently determined that such transactions are
appropriate for you.

Any discussion of the risks contained herein with respect to any
product should not be considered to be a disclosure of all risks or complete
discussion of the risks which are mentioned.

You should neither construe any of the material contained herein
as business, financial, investment, hedging, trading, legal, regulatory, tax,
or accounting advice nor make this service the primary basis for any investment
decisions made by or on behalf of you, your accountants, or your managed or
fiduciary accounts, and you may want to consult your business advisor,
attorney, and tax and accounting advisors concerning any contemplated
transactions.