RISK WARNING DISCLAIMER - PAST PERFORMANCE

Past performance is not indicative of future results, as returns may vary according to market conditions. Trading Index Options is speculative and may involve the loss of principal; therefore, funds placed under management should be risk capital funds that if lost will not significantly affect one's personal financial well being. This is not a solicitation to invest in Index Options managed accounts and you should carefully consider your financial situation as to the suitability to your situation prior to making any investment or entering into any Index Options transaction.

No representation is being made that participating in the suggested managed Index Options account or managed futures Index Options trading program will necessarily lead to profit. Investors may incur into a series of consecutive losses and substantial equity-draw-downs that can deplete their funds before the occurrence of any meaningful profit accumulation.