Please read the following
statements
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. Mulvaney Capital Management's disclosure document
contains a complete description of each fee to be charged to
your account. This brief statement cannot disclose all the risks
and other significant aspects of the commodity markets. You should
therefore carefully study the full disclosure document and commodity
trading before you trade, including the description of the principal
risk factors of any investment advised by Mulvaney Capital Management
Ltd. You should also be aware that the commodity trading advisor
may engage in trading foreign futures or options contracts. Transactions
on markets located outside the United States or United Kingdom,
including markets formally linked to a United States or United
Kingdom market may be subject to regulations which offer different
or diminished protection. Further, US and UK regulatory authorities
may be unable to compel the enforcement of the rules of regulatory
authorities or markets in non-US/UK 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 commodity trading advisor is prohibited by
law from accepting funds in the trading advisor's name from a
client for trading commodity interests. You must place all funds
for trading in any Mulvaney Capital Management Ltd trading program
directly with a futures commission merchant.
This site has been approved by Mulvaney Capital Management Limited,
which is authorised and regulated by the Financial Services Authority
of the UK.
The information on this site is not targeted at the residents
of any particular country and it is not intended for distribution
to or use by any person in any country or jurisdiction where
such distribution or use would be contrary to local law or regulatory
requirements. Information on this site may be subject to change
without notice.
Investments in securities or financial instruments (which include
contracts for differences, futures, option, spot and forward,
foreign exchange and other off exchange contracts) can fluctuate
in value and you should be aware that you may not realise the
initial amount invested and may incur additional liabilities.
As investments in securities are financial instruments they may
entail above average risk and you should carefully consider whether
your financial circumstances permit you to invest and if necessary
seek the advice of an independent financial adviser. Foreign
currency denominated securities and financial instruments are
subject to fluctuation in exchange rates that may have positive
or negative effects on their value, price or the income deferred
from the securities or financial instrument concerned. Past performance
should not be taken as a guide to future performance. You are
advised that Mulvaney Capital Management Ltd is unable to provide
advice as to the tax consequences of a particular investment
or investment strategy and you are advised to seek professional
advice in this respect.
This communication is directed only at persons who have professional
experience in matters relating to investments referred to herein.
You should note that any investment or investment activity to
which this communication relates is available to and will be
engaged in with such persons only. Persons who do not have professional
experience in matters relating to the investments referred to
in this communication should not rely on it
I have read and understood the above. I hereby represent and
warrant that I am permitted to access the site under the laws
of the jurisdiction to which I am subject.