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What risks are involved in trading on margin?

Please note that trading on margin involves increased risk and could result in losses that exceed initial and/or subsequent investments. Since you are allowed to borrow funds above the amount deposited, trading on margin can result in losses greater than the initial principal invested. The decision to trade on margin must be considered carefully by each investor. Please examine the following Margin Agreement. Please also read additional information, including FINRA's Margin Information and FINRA's Investor Alert regarding margin.

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