DISCLAIMER

Bradley Needham & Co acts as a personal investment advisor for specific individuals, institutions, funds, banks and public agencies. We advocate the purchase or sale of investments of various structures with accompanying strategies for any specific situation.

Customers should be aware that although our track record is highly rated by an independent analysis can be no guarantee of future profits. Likewise, our past performance does not assure the same future results. All the recommendations communicated to customers during the life of this service may not be reflected in this presentation. The stated returns may also include option trades.

We will send all our clients regular communications with specific, timely strategies and updated recommendations; however, you should not consider any of the communications by our company and employees to you personalized investment advice. Note that the proprietary recommendations and analysis we present to customers is for the exclusive use of our knowledgeable and decrementing private equity clients 

Forex, Options and Derivatives Risk

Futures, forex, stock and options trading is not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can assure profit or against losses. No representation or implication is being made that using any of these methodologies or systems will generate profit or ensure against losses.

1 RISK DISCLAIMER IPOs and Pre-IPOs Before deciding to participate in the IPO or Pre-IPO market, you should carefully consider your investment objectives, level of experience and risk tolerance. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. The leveraged nature of IPO trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.

REQUIRED CFTC RISK STATEMENT

“HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.”

TRADING IN COMMODITY FUTURES OR OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS.

THIS RISK STATEMENT APPLIES TO ANY ILLUSTRATION OF PROFIT AND LOSS CONTAINED WITHIN THIS PUBLICATION.

It should also be noted that: STOP LOSS ORDERS DO NOT NECESSARILY LIMIT LOSSES OR LOCK IN PROFITS. Depending upon market conditions, stop loss orders may be executed at prices substantially below or above the specified stop price.

Please note that the above statement refers to simulated trading programs that are designed with the benefit of hindsight.

Bradley Needham & Co recommendations are made before the fact and have never been published with the benefit of hindsight. In addition, Bradley Needham & Co makes every possible effort to illustrate in text and performance records, any stop loss order that may have been gapped due to unusual market conditions.

WEB site Content Disclosure

Accuracy of Information

The content of this www.bradleyneedham.com website is subject to change at any time without notice, and is provided for the sole purpose of education Bradley Needham & Co has taken reasonable measures to ensure the accuracy of the information contained herein; however, Bradley Needham & Co does not guarantee its accuracy, and is not liable for any loss or damage which may arise directly or indirectly from such content or from an inability to access such information, for any delay in or failure of the transmission or the receipt of any instruction or notification in connection therewith. By using this website, you acknowledge that any recommendations or trading analysis found herein are provided for educational and illustrative purposes only and should not be relied upon in connection with the formation or execution of any trading decisions. Investing of any kind involves a substantial risk of loss and you should never make a decision based solely on the information found on this www.bradleyneedham.com website. Bradley Needham & Co reserves the right, in its sole discretion and without any obligation, to make modifications to any portion of the Bradley Needham & Co website or publications at any time.

SERVICE AGREEMENT

This Service Agreement (“Agreement”) is by and between Bradley Needham & Co and the User of the Bradley Needham & Co website www.bradleyneedham.com and services (hereinafter referred to as “you” or “User”) and governs the use of the Bradley Needham & Co website and services (collectively referred to as the “Service”) by User.

1. Agreement and General Terms of Use

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2. Site Disclaimers

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(b) Information contained on the www.bradleyneedham.com website, including pricing, valuation, and commentary on specific products, if any, reflects the authors’ analysis and other information available as of the publication date indicated.  Furthermore, any news, opinions, commentaries, opinions, data, pricing, links to third party websites, and all other information contained on the www.bradleyneedham.com website are believed to be reliable, but www.bradleyneedham.com cannot and does not guarantee its accuracy, timeliness, or completeness. Bradley Needham will not be responsible for any loss or damage that could result from interception by third parties of any information transmitted electronically or otherwise in connection with this website.

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5. Limited User License

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9. Notices

User may contact www.bradleyneedham.com by sending an email to the following email address: [email protected] bradleyneedham.com  

10. No Assignment

The rights and obligations associated with this Agreement and limited license belong only to the User, and may not be assigned or sold to or used by another person or entity without the prior written consent of bradleyneedham.com.  User acknowledges and agrees that User is strictly prohibited from allowing third parties to access the bradleyneedham.com website or Services without the prior written consent of bradleyneedham.com User acknowledges and agrees that User is solely responsible for any liability arising from any third party access to or use of the bradleyneedham.com website permitted or facilitated by User, whether negligently or otherwise will contact User by sending an email to the email address provided by User, or by posting a notice on the www.bradleyneedham.com website

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