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The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), would like for us to tell you that our web sites have been prepared solely for informational purposes and are not a solicitation, nor an offer, to buy or sell any security.  Information on our web sites does not purport to be a complete description of any securities, markets or developments referred to in our material and any expressions of opinions are subject to change without additional notice to you.  All information on our web sites is obtained from sources which we consider reliable but we have not independently verified such information and we do not guarantee that it is accurate or complete.  Information on our web sites may not be suitable for all investors.  HL Camp & Co and/or affiliated companies, such as HL Camp & Company, LLC, and HL Camp Futures, and persons associated with those companies, may from time to time have a long or short position in any securities mentioned and may buy or sell such securities.

The United States Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) would like for us to tell you that our web sites and any daily comments, technical indicators, and suggestions are provided for informational purposes only.  The information contained herein is obtained from sources believed to be reliable but is not guaranteed to its accuracy or completeness.  Commodity and/or option trading is risky and may not be suitable for recipients of our information.  Readers using the information contained herein are solely responsible for their own actions.  No representation can be made that any recommendations will be profitable, or that they will not result in losses.  The information is neither an offer to sell nor solicitation to buy any of the commodity futures contracts that may be mentioned on our web sites.   HL Camp & Co and/or affiliated companies, such as HL Camp & Company LLC, and HL Camp Futures, and persons associated with those companies, may from time to time have a long or short position in any commodities contracts mentioned and may sell or buy such commodities contracts.

We would like to tell you that one of the affiliated companies mentioned above is HL Camp Futures, a Registered Commodity Futures Broker with the United States Commodity Futures Trading Commission (CFTC) and a Member of the National Futures Association (NFA).  Therefore the CFTC requires that we ask you to read the following statement: "Futures and options trading contains risk of loss and is not appropriate for all investors.  Please carefully consider your financial condition prior to making any investments."

We would like to tell you that information about HL Camp & Co and our fair value, program trading, index arbitrage, and other trading strategies mentioned on our web sites may not be suitable for you.  And that you should consult your own investment or trading advisor before you invest or trade using the PREM and/or program trading premium execution levels, or any other indicator mentioned on our sites.  The use of any of these indicators is at your own risk.  We do not guarantee that by using any indicator you will be profitable, or that you will not have losses.  Many investors assume wrongly that program trading strategies like index arbitrage are by nature risk free.  Please remember that since program trading involves the use of the S&P 500 Stock Index Futures Contract, trading it (just like all commodity futures contracts) is risky and not suitable for all investors.  Although some stocks in the S&P 500 Stock Index may be considered "blue chip" companies, trading stocks is risky too, and not suitable for all investors.  Also; during certain market conditions, the risk of slippage on program trading orders can be substantial, both on the NYSE and the CME.  If you have any questions about the risks involved in program trading, please email us and we will answer your questions promptly.

All information contained on www.programtrading.com, www.programtradingresearch.com, and www.programtradinglive.com is the property of HL Camp & Co.   No person or company can copy or reproduce in any form whatsoever any information on our web sites without our expressed written consent in advance.  All rights are hereby reserved and all information on our web sites is copyrighted in the United States at Palm Beach, Florida, USA and is protected by copyright pursuant to United States copyright laws and international conventions.  It is specifically prohibited for any person or company to create derivative pages or mirror sites of our web sites.

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