Disclaimers

1. The price of securities fluctuates, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred than profit made as a result of buying and selling securities.

2. If you undertake transactions over the Internet, you will be exposed to risks associated with the system including the failure of hardware and software. The result of system failure may be that your order is either not executed according to your instructions or is not executed at all.

3. Transactions over the Internet may be subject to interruption, transmission blackout, delayed transmission due to Internet traffic or incorrect data transmission due to the public nature of the Internet. A trade placed over the Internet may be executed before you can cancel it. You have to bear the risks involved with all trades or transactions entered via the Internet.