Compliance Statement

The risk in trading commodities, commodity futures, commodity options, derivative instruments and any other financial instrument can be substantial. Both traders and hedgers can be subject to mark-to-market losses and the resultant calls for additional margin deposits, could potentially exceed the original deposit. Anyone contemplating the use of commodities, commodity futures, commodity options, derivative instruments and any other financial instrument for either speculative or hedging transactions should therefore carefully consider whether such activity is suitable based upon commercial requirement and the financial condition of the person or organization so engaged.

Information contained herein is not to be considered as an offer or advice to sell or a solicitation or advice to buy commodities, commodity futures, commodity options, derivative instruments and any other financial instrument. Kase and Company, Inc. (Kase) makes no guarantees, either express or implied, regarding the application of either its software, or comments, either written or oral. In no way is any information contained herein, class materials, any oral comments by Kase, its employees or sub-contractors, any of Kase’s text or software products, or any other communication by Kase, its employees or sub-contractors, directly or indirectly, in person or via media to be construed as Kase’s providing advice, either directly or indirectly, as to the advisability of buying or selling futures contracts, any physical commodity, commodity options or any other financial instrument. Kase will not be responsible for any errors or omissions, typographical or otherwise. Expressions of opinion are subject to change without notice.

No part of this website or any publications by Kase and Company, Inc. may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Kase and Company, Inc.

Kase and Company, Inc. work products including, but not limited to, reports, comments, forecasts, analysis, and screenshots whether oral or written are “publications” and are not to be construed in any way as “consulting”.

The commodity futures trading commission has not passed upon the merits of KASE’S SERVICES OR SOFTWARE nor has the commission passed on the adequacy or accuracy of these disclosures.

The risk of loss in trading OR COSTS IN HEDGING commodities OR ANY FINANCIAL INSTRUMENT can be substantial. You should therefore carefully consider whether such trading OR HEDGING is suitable for you in light of your financial condition. In considering WHETHER TO TRADE OR HEDGE OR TO AUTHORIZE SOMEONE ELSE TO TRADE OR HEDGE 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 OR COMMODITY future or sell a commodity option or any other type of 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.

This brief statement cannot disclose all the risks and other significant aspects of the commodity or financial markets. You should therefore carefully evaluate the risks before trading or hedging.

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 or hedge outside of the united states, 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.

LAW PROHIBITS THIS COMMODITY TRADING ADVISOR from accepting funds in the trading advisor’s name from a client for trading commodity interests. You must place all funds for trading in this trading program directly with a futures commission merchant.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those between hypothetical performance results and the actual results achieved by any particular trading or hedging program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

You should carefully consider whether your financial condition permits you to trade or hedge using commodities or other financial INSTRUMENTS, you should be aware that futures and options trading can quickly lead to large losses as well as gains. Such trading losses can sharply reduce the net asset value or your account.

This brief statement cannot disclose all the risks and other factors necessary to evaluate your participation in the market.