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The National Futures
Association (NFA) and CFTC (Commodity Futures Trading Commission),
the regulatory agencies for the forex and futures market in the
United States, require that customers be informed about potential
risks in the forex market .
FX ASSET MANAGEMENT
INC (“CTA”) is COMMODITY TRADING ADVISOR REGISTERED (NFA ID#:
0391484)
The National Futures Association
(NFA) is the industry wide self-regulatory organization for the U.S.
futures industry. NFA's activities are overseen by the CFTC, the
government agency responsible for regulating the U.S. futures
industry.We must tell you that : This registration is NOT an
endorsement of the CTA .
THE
COMMODITY FUTURES TRADING COMMISSION HAS NOT
PASSED
UPON THE
MERITS OF PARTICIPATING IN THIS TRADING PROGRAM
NOR
HAS THE
COMMISSION PASSED ON THE ADEQUACY OR ACCURACY
OF
THIS DISCLOSURE DOCUMENT.
RISK
DISCLOSURE STATEMENT
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. 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 FUTURE OR SELL A
COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE
INITIAL MARGIN FUNDS 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 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.
DISCLOSURE DOCUMENT CONTAINS, , A COMPLETE DESCRIPTION OF EACH
FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING
ADVISOR. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND
OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. YOU
SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT
AND COMMODITY TRADING BEFORE YOU TRADE, INCLUDING THE
DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT, AT
PAGE
YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY
TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES OR
OPTIONS CONTRACTS. TRANSACTIONS ON MARKETS LOCATED OUTSIDE
THE UNITED STATES, INCLUDING MARKETS FORMALLY LINKED TO
A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS
WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER,
UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL
THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES
OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE
YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU
SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR
PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH
WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES
OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER
RELEVANT JURISDICTIONS. This brief statement does not
disclose all of the risks and other significant aspects of trading
in leveraged investments and in the purchase or sale of spot foreign
currencies. In light of the risks, you should undertake such
transactions only if you understand the nature of the contracts (and
contractual relationships) into which you are entering and the
extent of your exposure to risk. Past Performance is not
indicative of future results.
Note: This is not a solicitation to
invest. To invest the Account Documents must be
read and agreement forms signed.
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