Important Disclosures

Important Disclosures

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No portion of this publication may be summarized, edited, modified, or taken out of context without permission of ME Research LLC. Should you want to republish excerpts or sections of the content, you must get express written authorization from us, provide proper attribution, and link back to the full-length article on our website.  Unauthorized publication of partial content or modification of the content for any purpose other than your own use is a violation of our copyright and other proprietary rights and can subject you to legal liability. Participation in such activity is grounds for immediate termination of all subscriptions of registered subscribers deemed to be involved at ME Research LLC’ sole discretion, may violate the copyright laws of the United States, and may subject the violator to legal prosecution.

ME Research LLC reserves the right to monitor the use of this publication without disclosure by any electronic means it deems necessary and may change those means without notice at any time. If you have received this publication and are not the intended subscriber, please contact subscribers@mauldineconomics.com.

ME Research LLC reserves the right to cancel any subscription at any time, and if it does so it will promptly refund to the subscriber the amount of the subscription payment previously received relating to the remaining subscription period. Cancellation of a subscription may result from any unauthorized use or reproduction or rebroadcast of any ME Research LLC publication or website, any infringement or misappropriation of ME Research LLC proprietary rights, or any other reason determined in the sole discretion of ME Research LLC.

Disclaimers

The Mauldin Economics website and all of its current and future newsletters are published by ME Research LLC. Information contained in such publications is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information contained in such publications is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. Any views expressed are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest and is not in any way a testimony of, or associated with, Mauldin's other firms. The opinions expressed in such publications are those of the publisher and editors and are subject to change without notice. The information in such publications may become outdated and there is no obligation to update any such information. You are advised to discuss with your financial advisers your investment options and whether any investment is suitable for your specific needs prior to making any investments.

John Mauldin, GG Holding Cos LLC, ME Research LLC, and other entities in which John Mauldin has an interest, and employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or website. Corporate policies are in effect that attempt to avoid potential conflicts of interest and resolve conflicts of interest that do arise in a timely fashion. US regulations prohibit John Mauldin from giving specific investment advice by email. Please go to www.mauldineconomics.com for more information.

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Legal Disclosures:

John Mauldin is the Director of ME Research LLC. John Mauldin is also a registered principal of Mauldin Securities LLC, a FINRA and SIPC registered broker-dealer. Mauldin Securities LLC is registered with the NFA/CFTC, as an Introducing Broker (IB) and Commodity Trading Advisor (CTA).

John Mauldin, Chief Economist and Investment Advisor Representative, CMG Capital Management Group LLC, provides investment management services through its affiliated mutual fund, the CMG Mauldin Solutions Core Fund (the “Fund”), a series of Northern Lights Fund Trust, an investment company registered under the Investment Company Act of 1940. CMG receives a management fee as the investment manager to the Fund a portion of which is paid to John Mauldin. A complete description of the Fund, its strategy, objectives, and costs is set forth in the Fund prospectus, a copy of which is provided to all clients that engage the Registrant’s services through the Fund.

Mauldin Securities LLC can refer investors to private investment offerings with other independent firms such as Altegris Investments, Sanders Morris Harris LLC; Nicola Wealth Management or other similar broker/dealers. Funds or other investments recommended by Mauldin will pay a portion of their fees to these independent firms, that will share a portion of those fees with Mauldin Securities LLC and thus with Mauldin. Any views expressed herein are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest with any CTA, fund, or program mentioned here or elsewhere. Before seeking any advisor's services or making an investment in a fund, investors must read and examine thoroughly the respective disclosure document or offering memorandum. Since these firms and Mauldin receive fees from the funds they recommend/market, they only recommend/market products with which they have been able to negotiate fee arrangements.

This message may contain information that is confidential or privileged and is intended only for the individual or entity named above and does not constitute an offer for or advice about any alternative investment product. Such advice can only be made when accompanied by a prospectus or similar offering document. Past performance is not indicative of future performance. Please make sure to review important disclosures at the end of each article. Mauldin companies may have a marketing relationship with products and services mentioned in a letter for a fee.

PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN MANAGED FUNDS. WHEN CONSIDERING ALTERNATIVE INVESTMENTS, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER. Alternative investment performance can be volatile. An investor could lose all or a substantial amount of his or her investment. Often, alternative investment fund and account managers have total trading authority over their funds or accounts; the use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequently, higher risk. There is often no secondary market for an investor’s interest in alternative investments, and none is expected to develop.

All material presented herein is believed to be reliable but we cannot attest to its accuracy. Opinions expressed in these reports may change without prior notice. John Mauldin and/or the staffs may or may not have investments in any funds cited above as well as economic interest. John Mauldin can be reached at 800-829-7273.

This information is not to be construed as an offer to sell or the solicitation of an offer to buy any securities.

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