Risk Disclosure Statement
The risk of loss in trading commodities, futures and forex 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 brief statement 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. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document. 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 the button below. You may then continue to view the site.
Qualified Eligible Person Acknowledgement
Totem Asset Group, LLC is a Member of the National Futures Association and registered as a Commodity Trading Advisor and only provides services to Qualified Eligible Participants as defined in section 4.7 of the Commodity Exchange Act.
By clicking below, you are confirming that you:
a) Own securities and other investments with a market value of at least $2,000,000.
b) Have or have had an account open with a futures commission merchant at any time during the preceding six month period (along with $200,000 or more initial margin and option premiums for commodity interest transactions).
c) Own a portfolio comprised of a combination of the funds or property specified in (a) and (b) in which the sum of the funds or property includable under (a), expressed as a percentage of the minimum amount required thereunder, and the amount of futures margin and option premiums includable under (b), expressed as a percentage of the minimum amount required thereunder, equals at least one hundred percent (an example of a portfolio acceptable under this paragraph would consist of U.S. $1,000,000 in securities and other property and U.S. $100,000 in exchange-specified initial margin and option premiums).
d) Otherwise qualify as a QEP.