Leon Capital Management

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.  No assurance is given that the performance will be the same for all accounts controlled by the Advisor due to, among other things, account size, the time at which the account was opened or closed, and differing levels of leverage.

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 is readily accessible upon request. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. The CFTC has not passed upon the merits of participating in Leon Capital Management programs nor on the adequacy or accuracy of the disclosure document.

This brief statement does not cover all of the risks and other significant aspects of the commodity markets. You should therefore carefully study the disclosure document prior to opening an account.