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. 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. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR ("CTA").

THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE CLIENTS OF A CTA RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT MAY BE AVAILABALE AT THIS SITE. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT, WHICH ALSO WILL BE PROVIDED TO YOU AT NO COST. YOU ARE ENCOURAGED TO REVIEW THE DISCLOSURE DOCUMENT BUT TO BEAR IN MIND THAT IT IS A BRIEF STATEMENT THAT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD STUDY THE DISCLOSURE DOCUMENT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN LOOKING AT CTA PERFORMANCE FIGURES, PLEASE BE AWARE THAT PAST PERFORMANCE IS NO INDICATION OF FUTURE PERFORMANCE. INFORMATION AVAILABLE ON THIS SITE DOES NOT CONSTITUTE A SOLICITAITON OF ANY CTA.

THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY TRADING PROGRAM NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENT. PLEASE NOTE THAT ANY CTA SHOULD BE JUDGED ONLY ON THE MERITS OF THE MATERIAL THEY SUPPLY YOU AND ON OUR OWN DUE DILIGENCE. RJO TAKES NO RESPONSIBILITY FOR THE PERFORMANCE OF ANY CTA.

OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU.

PLEASE ACKNOWLEDGE YOUR UNDERSTANDING OF THE ABOVE STATEMENT BY CLICKING ON THE BUTTON BELOW. YOU MAY THEN CONTINUE TO VIEW THE SITE.

I UNDERSTAND THAT PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE AND THAT ANY CTA SHOULD BE JUDGED ONLY ON THE MERITS OF THE MATERIAL THEY SUPPLY ME AND MY OWN DUE DILIGENCE. I ACCEPT THAT RJO TAKES NO RESPONSIBILITY FOR THE PERFORMANCE OF ANY CTA. I ACKNOWLEDGE THAT THIS INFORMATION DOES NOT CONSTITUTE A SOLICITATION OF ANY CTA.