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CFTC RULE four.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. NOT LIKE AN ACTUAL PERFORMANCE REPORT, SIMULATED OUTCOMES DON'T REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVEN'T BEEN EXECUTED, THE OUTCOMES MAY HAVE UNDERNEATH-OR-OVER COMPENSATED FOR THE IMPRESSION, IF ANY, OF CERTAIN MARKET COMPONENTS, EQUIVALENT TO LACK OF LIQUIDITY. SIMULATED TRADING PACKAGES GENERALLY ARE ALSO TOPIC TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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