Orders and Clearing
Before Cales Investments can accept any orders, your
account must show a free and clear credit balance.
Cales Investments introduces all accounts to Southwest
Securities, Inc. ("Southwest") on a fully disclosed basis. Southwest
is a member of the New York Stock Exchange and performs, as agent,
certain execution and clearing functions for Cales Investments, Inc.
Southwest's role is limited to performing execution, clearing and
custodial functions for Cales Investments, Inc. Southwest makes no
investment recommendations to the customers of Cales Investments,
Inc. and assumes no responsibilty for any investment recommendations
that Cales Investments, Inc. may make. Southwest's Customer Information
Brochure containing the terms and conditions of your relationship
with Southwest will be mailed to you upon opening an account or upon
Cales Investments, Inc. is currently registered
in Colorado, Texas and Wyoming. If you are not a resident of those
states, we can not accept your business for the time being. Please
check back with us in a couple of weeks. Thank you!
Copyright 1998,1999 Cales Investments Inc., Denver, Colorado,
All rights reserved.