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Risk Disclosure: The risk of loss in trading Commodity Futures, Options and Foreign Exchange ("Forex") can be substantial. The high degree of leverage associated with Commodity Futures, Options and Forex can work against you as well as for you. This high degree of leverage can have the effect of substantially magnifying potential losses as well as gains. You should carefully consider whether Commodity Futures, Options and Forex are suitable for you in light of your financial condition. If you are unsure you should seek professional advice. Each Commodity Trading Advisor ("CTA") is required by the Commodity Futures Trading Commission ("CFTC") to issue the prospective clients a Risk Disclosure Document outlining these fees, conflicts of interest and other associated risks. The full risk of Commodity Futures, Options and Forex Trading cannot be addressed in this risk disclosure statement.

Disclaimer:This material and any views expressed herein are provided for information purposes only and should not be construed in any way as an endorsement or inducement to invest in any specific program. Before investing in any program, you must obtain, read and thoroughly examine its Disclosure Document or offering memorandum. All sources we use are free to the public. Such information has not been independently reviewed or audited by PipInvestment or its affiliates and therefore neither PipInvestment nor its affiliates make any representation as to its accuracy or completeness. Readers are solely responsible for how they use the information and for their decisions.