Terms of Use

By accessing this site, you signify your agreement with and understanding of the following Terms of Use and Legal Information pertaining to both this site and any material on it.

Ownership of Site and Trademarks

AK Capital LLC "AKC" owns and maintains this site. The trademarks, logos and service marks displayed at this site are registered trademarks of AKC. Nothing at this site shall be construed as granting, by implication, estoppel or otherwise, any license or right to use any image, trademark, logo or service mark at the site. No act of downloading or otherwise copying from this site will transfer title to any software or material at this site to you. Anything that you transmit to this site becomes the property of AKC, may be used by AKC for any lawful purpose, and is further subject to disclosure as deemed appropriate by AKC, including to any legal or regulatory authority to which AKC is subject. AKC reserves all rights with respect to copyright and trademark ownership of all material at this site, and will enforce such rights to the full extent of the law.

Global Dealing Restrictions

AKC makes no representations that materials at this site are appropriate for use in all locations, or that transactions, securities, products, instruments or services discussed at this site are available or appropriate for sale or use in all jurisdictions, or by all investors or counter parties. Those who access this site do so on their own initiative, and are responsible for compliance with applicable local laws or regulations. Users of this site may not necessarily be able to deal directly with all entities that post materials at this site. No software at this site may be downloaded or otherwise exported in contravention of U.S. Department of Treasury or U.S. Department of Commerce regulation, or to a resident of or location in any nation to which the U.S. or U.K. has embargoed goods.

No Offer of Securities - Disclosure of Interests

Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy the securities or any other instruments of AKC or any other issuer. Offers can only be made where lawful under applicable law. If you wish to obtain further details about any information contained on this site we suggest that you contact an AKC Representative. It is possible that individual employees of AKC may disagree with opinions or recommendations in materials at this site. AKC may make a market or deal as principal in the securities, commodities or instruments mentioned in materials at this site or in options or other derivative instruments based thereon. In addition, AKC, its shareholders, directors, officers and/or employees, may from time to time have long or short positions in such securities or in options, futures or other derivative instruments based thereon. One or more directors, officers and/or employees of AKC may be a director of the issuer of the securities mentioned at this site. AKC may have managed or co-managed a public offering of, or acted as initial purchaser or placement agent for a private placement of, any of the securities of any issuer mentioned at this site within the last three years, or may from time to time perform investment banking or other services for, or solicit investment banking or other business from, mentioned companies.

No Reliance

While AKC uses reasonable efforts to obtain information from reliable sources, AKC makes no representations or warranties as to the accuracy, reliability or completeness of any information or document at this site. Opinions and any other contents at this site are subject to change without notice. AKC is not utilizing this site to provide investment or other advice to you or any other party, and no information or material at this site is to be relied upon for the purpose of making or communicating investment or other decisions.

Price Information/Valuations

Actionable prices can be obtained only on a real-time, expressly agreed upon basis. Any indicative valuations in materials at this site are provided for information only. They are not an offer to enter into, transfer and assign or terminate any transaction, or a commitment by AKC to make such an offer. An indicative valuation may differ substantially from an actionable value. Such estimates do not necessarily reflect AKC's internal bookkeeping or theoretical model-based valuations. Certain factors which may not have been assessed for purposes of these valuations, including, for example, notional amounts, credit spreads, underlying volatility, costs of carry or use of capital and profit, may substantially affect a stated valuation. Indicative valuations in materials at this site may vary significantly from indicative valuations available from other sources. While AKC has obtained the information on which these evaluations are based from sources it believes reliable, AKC makes no representations or warranties with respect to any indicative valuations.

Hypothetical or Past Performance

Hypothetical or simulated performance results have inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight. Past performance is not indicative of future results; no representation is being made that any account will or is likely to acheive profits or losses similar to those shown.

Material to be Consulted in its Entirety

All materials at this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosure or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.

Linked Sites

AKC has not reviewed any of the sites linked to this site, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages or other sites is at your own risk.

No Warranty

The materials at this site are provided "as is" without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law, including but not limited to the implied warranties of merchantability or fitness for a particular purpose or non-infringement. AKC further assumes no responsibility for, and makes no warranties that, functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components. AKC shall not be liable for any damages to, viruses that may infect, or services, repairs or corrections that must be performed on your computer or other property on account of your accessing or use of this site. Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusion may not apply to you.

Liability Waiver

Under no circumstances, including, but not limited to, negligence, shall AKC be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials at this site, even if AKC or an authorized AKC representative has been advised of the possibility of such damages. Applicable law may not allow the limitation or exclusion of liability for consequential or incidental damages, so the limitation or exclusion may not apply to you. In no event shall AKC's total liability for any and all damages and causes of action exceed the amount paid by you, if any, for the use of this site.

Applicable Law

This agreement shall be governed by and construed in accordance with the substantive and procedural laws of the State of New York, wthout giving effect to the principles of conflicts of law. AKC is committed to the principles of equal employment opportunity. The Firm does not discriminate against any employee or applicant for employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital status, sexual orientation or because of any other criteria prohibited under controlling federal, state or local law. Use of the site is subject to acceptance of our Terms of Use and important information.
The price and value of investments and their income may fluctuate and may fall against your interest. You may get back less than you invested. Any information on past performance is not necessarily a guide to future performance.
The investments and any investment services that are available on this site may not be suitable for you and it is recommended that you consult an investment advisor if you have any doubts about those investments or investment services.
Some investments available on this site may have a high level of volatility. Please note that high volatility investments can undergo sudden and large falls in their value which may cause you to sustain losses upon realization of that investment, that may equal your original investment. In the case of some investments the potential losses may exceed the initial amount paid by you, in such a circumstance you may be required to pay more money to support those losses.
Income yields from investments may fluctuate and in consequence capital paid to make the investment may be used as part of that income. Investments denominated in foreign currencies may suffer from an adverse effect on their value, price or income yield because of an exposure to exchange rate fluctuations.
Some investments contained on this site may not be readily realizable, and you may find it difficult to sell those investments, or it may prove difficult for you to obtain reliable information about the value or risks to which such an investment is exposed.
Some investments contained on this site will be offered solely by a single entity and in the case of some investments, AKC, or an associate of AKC, may be the person making that offer.
None of the statements contained in this important information excludes or restricts our liability and duties to you under the FSA Rules and the Financial Services and Markets Act 2000.
AKC does not advise on the tax consequences of any transaction. You are advised to contact an independent adviser. Stated bases and levels of taxation may be subject to change.