DISCLAIMER

Aegean Financial Research & Analysis, does not give individualized market advice thru any of its subscription services. Individualized market advice is given ONLY to clients with managed accounts by Aegean Capital Group, Inc. Your subscription fee is refundable as specified in the cancellation policy, ONLY. We publish information regarding general market/sector direction, and trading suggestions in which we believe our readers may be interested and our reports reflect our sincere opinions. However, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. Only you can determine what level of risk is appropriate for you. We strongly advise you to consult with your broker, or, R.I.A. before acting on any of the trade suggestions issued thru our subscription services. Prior to buying or selling an option, an investor must have a copy of Characteristics and Risks of Standardized Options. You can access and download the booklet on the Options/Clearing Corporations' (OCC)  website at http://www.theocc.com/publications/risks/riskchap1.jsp. This link reference is provided as a courtesy and does not imply that the OCC is endorsing Aegean Capital Group, and/or any of its subscription products. This booklet is also available for free from your broker or from any of the U.S. options exchanges. We encourage our readers to invest carefully and to utilize the information available at the web sites of the Securities and Exchange Commission at http://www.sec.gov and the National Association of Securities Dealers at http://www.nasd.com. You can review public companies' filings at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. We encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Most of our information is derived directly from information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action which you take in reliance on our statements.

"Trading Ideas" discussed in any of Aegean Financial Research & Analysis subscription reports are not recommendations. They represent what our traders have concluded to be possible trading opportunities for our own account, based upon our own risk/reward criteria and overall trading/investing strategy. We do not know, if any of these trading ideas, are appropriate and suitable for each individual investor, probably they are not! We strongly discourage subscribers from implementing any of these trades without determining whether they are appropriate and suitable for them by discussing them with their broker, and/or R.I.A. 

Aegean Financial Research & Analysis, strongly discourages subscribers from duplicating in their accounts any trading ideas  without examining and determining whether they are appropriate and suitable for them by discussing them with their broker, and/or R.I.A.  Subscribers also need to keep in mind that some trades are a part of a larger trade/strategy, and without having the other components of the trade/strategy in place, simply duplicating one of our trades could result in substantial losses. Aegean Capital Group's  own advise to subscribers is this:

 DO NOT DUPLICATE ANY OF OUR TRADING SUGGESTIONS IN YOUR ACCOUNT! Especially if you are a new subscriber and unfamiliar with our methodology. There is a very high degree of risk involved in trading. Past results are not indicative of future returns by Aegean Financial Research & Analysis., and all individuals affiliated with the company assume no responsibilities for your trading and investment results

Aegean Financial Research & Analysis, may limit the number of subscribers allowed in its subscription services in order to reduce the risk that too many traders will attempt identical trades and influence the market by causing the purchase of an excessive number of option contracts, or, shares in thinly traded stocks.

Aegean Financial Research & Analysis, may not notify its subscribers about certain positions the firm is contemplating  in order to reduce the risk that too many traders will attempt identical trades and influence the market by causing the purchase of an excessive number of option contracts, or, shares in thinly traded stocks.

Our personnel may own positions in the equities mentioned in our reports. However, all employees are prohibited from any transaction that directly or indirectly competes with the interests of our subscribers. We are not compensated in any way for publishing information about companies mentioned in our reports.

PERFORMANCE FIGURES
Performance figures are based on actual recommendations made by Aegean Capital Group. Due to the time critical nature of stock, options, brokerage fees, and the activity of other subscribers, Aegean Financial Research & Analysis cannot guarantee that subscribers will mirror the exact performance stated on our track records or promotions. Performance numbers shown are based on trades subscribers could enter based on our tracking guidelines. Past results are not necessarily indicative of future performance.

LIMITATION ON LIABILITY
Aegean Financial Research & Analysis's liability, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages not to exceed the fees received by Aegean Financial Research & Analysis from Subscriber. Aegean Financial Research & Analysis will not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by Aegean Financial Research & Analysis. Without limitation, Aegean Financial Research & Analysis shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber's inability to use or any delay in accessing the Aegean website (http://aegeancapital.com) or any other source of material provided by Aegean Financial Research & Analysis (3) any absence of material on the Aegean website; (4) Aegean Financial Research & Analysis failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. Aegean Financial Research & Analysis and Subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between Aegean Financial Research & Analysis and Subscriber.

DISCLAIMER OF WARRANTY
ANY AND ALL MATERIAL PROVIDED BY  IS PROVIDED "AS IS" AND AEGEAN CAPITAL GROUP, INC., MAKE NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

ACKNOWLEDGEMENT AND AGREEMENT
Notwithstanding any other agreement or other communications between Aegean Financial Research & Analysis and Subscriber to the contrary, receipt or use of any material provided by Aegean Capital Group, Inc., at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions.
Aegean Financial Research & Analysis makes no representations or warranties about the accuracy or completeness of the information contained on this website. Any links provided to other server sites are offered as a matter of convenience and in no way are meant to imply that Aegean Financial Research & Analysis. endorses, sponsors, promotes or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated.
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