Thales Securities SA is an entity regulated under the supervision of the National Commission of Securities (CNV). Thales Securities has License to operate as Securities Brokerage House by Resolution CNV 375-00 as of 12/22/2000. The CNV is the competent authority in matters of protection of the investment public. A complaints office or client protection office exists. There is always a risk of loss when investing. Investing in Options, Futures, Options on Futures, CFDs, ETFs, Forex and FX Options is highly leveraged and not suitable for everyone and may lead to total loss of the investment. Past performance is never a guarantee for future results. Any historical performance data for a period less than 5 years should not be considered significantly enough to base any decisions upon. Any opinions or advice expressed in this site represent the views of the author and not necessarily those of Thales Securities SA.

The information provided on this site or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Thales Securities SA or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by Thales Securities SA or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

Disclaimer of Warranty and Limitation of Liability
The information on this site is provided "AS IS". Thales Securities does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Thales Securities can not be held responsible for any loss or damage that could result from your use of this information nor from the interception by third parties of any information made available to you via this site. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Thales Securities cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither Thales Securities, nor any of its affiliates, directors, officers or employees, nor any third party like referral agents or independant vendors, will be liable or have any responsibility for any kind of loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, including online trade platforms and chat systems, whether or not the circumstances giving rise to such cause may have been within the control of Thales Securities or of any third party providing software or services support. In no event will Thales Securities, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Thales Securities SA or any other party have been advised of the possibility thereof. 

Copyright or Other Notices
If you download any information or software from this site, you agree that you will not copy it, make any other use of it than personal,distribute it through mass communication media inclusing email, or remove or obscure any copyright or other notices or legends contained in any such information. You should consider all data, information, graphical content and coding on this site to be copyrighted unless explicitedly otherwise mentioned. You cannot use any of the data, information, graphical content and coding for any purpose whatsoever without our written consent. Should you ask for such consent, please do not hold your breath while waiting for a response, as these inquiries have a very low priority... Procedure for Making Claims of Copyright Infringement If you believe that your copyrighted work is accessible on this site in a way that constitutes copyright infringement, you may notify us by providing us with the following information: 1) the electronic or physical signature of the owner of the copyright or of the person authorized to act on the owner's behalf; 2) identification of the copyrighted work or other intellectual property that you claim is being infringed; 3) identification of the material that you claim is infringing; 4) identification of the URL or other specific location on this site where the material that you claim is infringing is located (please be as specific as possible); 5) your name, address, telephone number, and email address; 6) a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and 7) a statement by you, made under penalty of perjury, that the information in your notice is accurate and that you are the copyright owner or are authorized to act on the copyright owner's behalf.

Use of Links
Should you leave this site via a link contained herein, and view content that is not provided by us, then you are doing so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by us and subsequently we can not be responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. Thales Securities makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content. The information herein was obtained from various sources. We do not guarantee its accuracy. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options, or investment products. Foreign currency denominated investments are subject to fluctuations in exchange rates that could have a positive or adverse effect on the investor's return. Any pricing information on this site is indicative only, is subject to change and is not an offer nor sollicitation to buy or sell at that price. Any prices mentioned never constitute any obligation on the part of Thales Securities SA to buy or sell a security at that price or any other price. Instruments mentioned may not be readily available in the market or sold in a timely fashion. Where relevant, the price quoted is exclusive of tax and delivery costs. Any reference to the terms of executed transactions should be treated as preliminary and subject to our written confirmation. Information on this site is not necessarily a publication of Thales Securities.This information is for discussion purposes and neither the information nor any opinions expressed constitutes a solicitation by us for the purchase or sale of any securities or other financial instruments. Thales Securities and any affiliate may trade for its own accounts in any of the securities of issuers mentioned herein or in related investments, and may also from time to time perform or solicit investment banking or other services for, or from, any entity mentioned herein. 

Thales Securities does not operate as a banking entity in any jurisdictions. Some products and services may not be available in all jurisdictions or to all clients. Thales Securities reserves the right to monitor electronic communications (subject to and in accordance with local laws).