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Politics : Formerly About Advanced Micro Devices
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To: Kenith Lee who wrote (106826)4/19/2000 12:56:00 PM
From: that_crazy_doug  Read Replies (1) of 1574951
 
<< Lucky you. I think you have to acknowledge in your application that you have received/read the book. Anyway, your broker made a poor decision. He is liable if you had lost money since you can claim you do not know the risk.
>>

I hereby apply for an options account. I have received and read the terms and conditions that will bound my account, and agree to be bound by them as currently in effect and as amended from time to time. I am aware of the risks in options trading, and represent that I am financially able to bear such risks and withstand options trading losses.

That's the disclaimer I had to sign, maybe the book you are referring to is the terms and conditions, but that doesn't sound like a specific option book. I had thought it was the terms and conditions papers that I got when I started my account. It still is a disclaimer that you understand risks etc etc, but after signing this before they ever sent me the options book I had level 2 clearance from Ameritrade. It may have been because I was initially requesting to trade something like 1-5% of my portfolio there which only made up about 1/4th my overall networth anyway and I was clearly able to bear the financial losses.
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