Investment risk
Investments can fall in value and may result in loss of principal. Past performance does not predict future results. Diversification cannot eliminate loss. Liquidity, issuer credit, interest rates and currency movements may affect outcomes, depending on the investment.
Commodity and derivatives risk
Commodity prices can move sharply. Leveraged positions may lose more than the initial margin and require additional funding. Options can expire without value; some selling strategies carry substantial obligations. Product disclosures and approval requirements must be reviewed before trading.
Deposits and securities
Eligible bank CDs may qualify for FDIC coverage under the applicable limits and conditions. Stocks, bonds, commodity positions and investment funds are not FDIC-insured deposits. A brokerage registration does not create deposit insurance.