ACCOUNT_JOB_COMPANY

ACCOUNT_JOB_ADDRESS_SINGLE_LINE

RISK DISCLOSURE STATEMENTS

The substance contained in the following risk disclosure statements is considered to be the minimum required.  The Company may elect to provide additional risk disclosure information as appropriate.

The following risk disclosures should be given where they apply to the expected or actual activity of the client. 

1. RISK OF SECURITIES TRADING

The prices of securities fluctuate, sometimes dramatically.  The price of a security may move up or down, and may become valueless.  It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.

2. RISK OF TRADING FUTURES AND OPTIONS

The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives.  If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.

3. RISK OF LENDING OR DEPOSITING YOUR SECURITIES WITH THIRD PARTIES 

There is risk if you provide your dealer or securities margin financier with an authority that allows it to lend your securities to or deposit them with certain third parties.This is allowed only if you consent in writing. The consent must specify the period for which it is current, which cannot exceed 12 months.

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