|
Important
Legal Information
By using this Site, you so agree to certain terms and
conditions which Wang Investment Associates, Inc. may modify
in the future, when viewed necessary. You also acknowledge
that, except for insured Certificates of Deposit and the Wang
Investment Associates, Inc., Insured Deposit Account sweep
feature, investment and insurance products referenced on this
Site are not FDIC-insured, nor bank-guaranteed and may risk
loss of value. This Site is for informational purpose only,
and does not constitute an offer to sell, or a solicitation of
an offer to buy, any securities which may be referenced
herein; with the exception where an offer is explicitly made
through the availability of a prospectus on the Site. Offers
can only be made where it is lawful under applicable laws.
Associates mentioned on this Site could only transact business
in the state or states in which they have either been properly
registered or exempt from registration.
Wang Investments obtains information from sources deemed to be
reliable; however, Wang does not guarantee the accuracy of any
of the information or commentary provided. Wang makes no
warranties, expressed or implied, as to the fitness of the
information for any purpose, or to results obtained by
individuals using the information.
In no event shall Wang be liable for direct, indirect, or
incidental damages resulting from the use of the information.
Wang shall be indemnified and held harmless from any actions,
claims, proceedings, or liabilities with respect to the
information and its use.
Wang does not make specific trading recommendations or provide
individualized market advice. The information contained in the
above provided as an information service only.
If legal or other expert guidance is required, (stockbrokers
are strongly recommended) the services of a qualified
professional providing those services should be sought. The
authors of WANG assume no responsibility for the consequences
of anyone acting with this educational information.
All trades executed by Wang
Investment Associates, Inc. are done on an unsolicited basis.
Electronic orders are orders placed over PC/Phone, and with
the Internet (Internet) order entry system. Commissions are
quoted on a "per order" basis. An order is defined as the
combination of all transactions executed for the same security
on the same side for the same account number, at the same
price on the same day.
The information contained herein
is based upon sources which we believe to be reliable, but
no representation, express or implied, is made with respect
to the accuracy, completeness or reliability of the
information or opinions in the reports and / or web site.
The investment choices and services in this site are
provided as general information only and are not intended to
provide investment or other advice. Under no circumstances
is the information contained herein to be used or considered
as an offer to sell or a solicitation of an offer to buy a
particular investment. Wang does not accept
responsibility or liability for any direct, indirect,
special, consequential or other losses or damages of
whatsoever kind arising out of access to, or the use of this
web site or any information contained in it.
The information on this site is for
information purposes only and is not intended to provide tax,
legal or investment advice. You should not rely on any
material contained in the web site and / or reports and should
seek independent advice wherever necessary. Any decisions you
make based upon on information contained in this web site are
your sole responsibility. Not all securities, products or
services described are available in all countries, and nothing
on this site constitutes an offer or solicitation of these
securities, products or services in any jurisdiction where
their offer or sale is not qualified or exempt from
registration. The information provided herein may be displayed
and printed for your personal, noncommercial use only. You may
not reproduce, retransmit, distribute, disseminate, sell,
publish, broadcast or circulate the information to anyone,
without the express written consent of Wang Investment
Associates, Inc.
ALL INFORMATION AND CONTENT HEREIN
IS FURNISHED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR FREEDOM FROM
COMPUTER VIRUS.
IN NO EVENT WILL WANG OR ITS
AFFILIATES BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT
LIMITATION DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, OR
CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES ARISING IN
CONNECTION WITH THIS WEB SITE OR USE THEREOF OR INABILITY TO
USE BY ANY PARTY, OR IN CONNECTION WITH ANY FAILURE OF
PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN
OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM
FAILURE. PLEASE NOTE THAT ACCESS TO SERVICES AND YOUR ACCOUNT
MAY BE AFFECTED BY MARKET CONDITIONS, SYSTEM PERFORMANCE OR
FOR OTHER REASONS.
ANY DIFFERENCES BETWEEN THE ENGLISH
AND CHINESE TRANSLATIONS OF THIS DOCUMENT SHALL BE RESOLVED IN
FAVOR OF THE ENGLISH TRANSLATION.
Third Party
Information
Links to non-Wang sites are provided for convenience only and
are accessed at your own risk. The information available on
these sites has been produced by unaffiliated third parties
and, while deemed reliable, Wang and its affiliates do not
guarantee its timeliness, sequence, accuracy, adequacy or
completeness and make no warranties with respect to results to
be obtained from its use. Any opinions or recommendations
expressed therein are solely those of the third party
information providers and are not the opinions or
recommendations of Wang. No endorsement of third party
products, services or information is expressed or implied by
any information, material or content referred to or included
on, or linked from or to this Web site. Under no circumstances
should the information be construed as an offer to sell or
solicitation of an offer to buy a particular security.
Special Notice
Regarding Mutual Funds
Mutual funds are neither
FDIC-insured nor guaranteed by the U.S. Government and are not
deposits or obligations of, or guaranteed by, any bank and are
subject to market risk. This risk may cause the market value
of the shares to fluctuate so that shares, when redeemed, may
be worth more or less than original cost. No-load and load
funds have other fees and expenses that apply to a continued
investment in the fund and are described in the prospectus.
More complete information about a fund, including management
fees and expenses, is contained in the prospectus, which can
be obtained by calling the fund family directly or by calling
us at 1-800-353-9264. Please read the fund prospectus
carefully before you invest or send money. We reserve the right
to change our fees and commissions at any time.
Direct Access
Trading/ Level II Trading
Please note that the term Direct
Access refers to the clients' ability to determine which
Exchange, ECN or Market Maker receives their order. The term
does not mean to imply that you can trade without a broker, as
any transaction would require a relationship with a registered
Broker Dealer.
Risks
Associated with Bulletin Board Securities
Bulletin Board Securities are
over-the-counter securities that are not part of the NASDAQ
system. Bulletin Board securities trade in the
“over-the-counter” OTC market and are quoted on the OTC
systems such as, OTC Bulletin Board (OTC BB or the Pink
Sheets.) Although the NASD oversees the OTCBB; the OTCBB is
not part of the NASDAQ market.
Market Makers of Bulletin Board securities are unable to use
electronic means to interact with other dealers to execute
trades. They must manually interact with the market, i.e. use
standard phone lines to communicate with other dealers to
execute trades. This can and does cause delays in the time it
takes to interact with the market place. This coupled with the
recent increase in volume has led to wide price fluctuations
in Bulletin Board securities, and lengthy delays in execution
times as well as the reporting of execution times. Clients
should use caution when placing market orders and understand
the risks associated with trading in Bulletin Board
securities.
Risks
Associated with Bulletin Board Trading
All securities trading involves risk. However, trading in
certain securities may involve greater risk than others. Such
is the case with trading Bulletin Board securities. Risks
associated with trading Bulletin Board securities include, but
may not be limited to those listed below. WANGVEST.COM will
not advise its Customers on the suitability of any particular
trading strategy or method of trading. As with all other types
of activity initiated through WANGVEST.COM, you, the Customer,
must make the determination as to whether or not this type of
trading is suitable for you. This list is not represented as a
complete listing of all the risks associated with trading
Bulletin Board securities. We encourage you to seek out other
independent information concerning this method of trading
prior to making a final decision as to whether or not trading
Bulletin Board securities is suitable for you.
Limited
Availability of Order Information and Market Data
You may receive an automated notification of Bulletin Board
security order execution via the automated method you may have
requested or you may contact a live Representative to
determine whether or not your order has been executed.
However, as reports of Bulletin Board securities executions
may be delayed significantly, the resulting automated reports
may be delayed as well. Note that these automated
notifications are supplied on a best effort basis and are not
guaranteed. Market data such as quotes, volume and market size
may or may not be as up to date as might be expected with
NASDAQ or Listed securities.
Cancel / Replace Risk
You can attempt to change or cancel a Bulletin Board order as
you would with a NASDAQ or listed security. All cancel/
request orders are subject to prior execution. However;
because of the manual nature of the Bulletin Board OTC market,
delays in confirming an `out` on a cancel may be more
prevalent than those that might be experienced in the NASDAQ
or listed markets.
Communications Risk
A high volume of orders or a computer/communication problem
may prevent entry or delay execution of your order.
Significant market volume and/or system outages may effect the
timeliness and availability of execution reports.
Liquidity
Risks
Liquidity refers to the ability to freely buy and sell
securities at given prices and volumes. In general, the more
activity in a given security, and the more market makers
participating in a security, the greater the liquidity in that
security. Because you will often times have far fewer market
makers participating in a Bulletin Board security, the
liquidity in that security may be significantly less than what
might be experienced in the NASDAQ or Listed markets. As such,
you may only receive a partial execution or your order may not
be executed at all. Additionally, the price received on a
market order may be significantly different from the price
quoted at the time of order entry. Additionally, when fewer
shares of a given security are being traded, larger spreads
between bid and ask prices and volatile swings in price may
result. You may want to carefully consider the use of limit
orders when such conditions prevail. While a limit order does
not guarantee an execution, it will prevent receiving
executions at unexpected prices. Generally, higher trading
activity usually results in increased liquidity and a greater
likelihood of your order being executed.
Forward Statement Disclosure
Information within this site contains forward-looking
statements within the meaning of Section 27(e) of the U.S.
Securities Act of 1933 and Section 21 (g) of the US Securities
Exchange Act of 1934. Any statements that express or involve
discussion with respect to predictions, expectations, beliefs,
plans, projections, objectives, goals, assumptions or future
events or performance are not statements of historical facts
and may be forward looking statements. Forward looking
statements are based on expectations, estimates and
projections at the time the statements are made that involve a
number of risks and uncertainties, which could cause actual
results or events to differ materially form those presently
anticipated. Forward looking statements may be identified
through the use of words such as expects, will, anticipates,
estimated, believes, or by statements indicting certain action
may, could or might occur.
|
