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											"<div align=\"left\" class=\"m3_text\" style=\"margin-left:19px; margin-top:5px; margin-right:30px\"><span class=\"h1_text\">Traders Access </span><br>"+
                                             "Please contact your account manager for more information or contact us <a href=\"http://bor/bear_new/go/en/contact\" class=\"m3_text\">using the form</a>.</div>"+
							                "<img alt=\"\" border=\"0\" src=\"i/img/t2.jpg\" style=\"margin-left:8px; margin-top:5px\"><br>"+
                                            "<!-- login form -->"+
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							                "<div class=\"form_div\" style=\"margin-top:10px\"><input type=\"text\" class=\"form f_text\" style=\"margin-left:19px\" name=\"login\" value=\"your login name\"></div>"+
							                "<div class=\"form_div\"><input type=\"password\" class=\"form f_text\" style=\"margin-left:19px\" name=\"password\" value=\"**************\"></div>"+
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							                "<a class=\"m3_text\" href=\"index.php?show=contacts\">forgot your password?</a>"+
                                            "</div>"
		
		 pro = "<h3>About Prospective Members:</h3>"+
    
			"<p>"+
			"Membership in the private fund is open exclusively to "+
			"accredited investors, as defined in Regulation D "+
			"under the Securities Act of 1934"+
			"</p>"+
			"<h4>Admission:</h4>"+
			"<p>"+
			"BCP values solid thinking, discretion and integrity. With supreme "+
			"investment return, this is what Bear Capital Members expect and "+
			"receive."+
			"</p>"+
			"<h4>Bear Capital Partners only accepts new members by either:</h4>"+
			"<ul>"+
			"<li>Invitation</li>   "+
			"<li>Current Member Referral and Management Approval.</li>"+
			"</ul>"+
			"<p>"+
			"If you have received a referral by a current member or wish to seek out "+
			"more information and you are qualified as an accredited investor, please "+
			"contact bearmembersupport@bearcapital.com and please kindly include your "+
			"referral. "+
			"</p>"+
			"<p>"+
			"The fund is closed to the public investment community. Bear Capital Partners "+
			"does not target, solicit or accept any contribution from public investors. "+
			"BCP is not a part of the registrant with the Securities and Exchange Commission, "+
			"National Association of Securities Dealers, or any other regulating body operating"+
			"broker dealer claims,investment advisor or any such entity."+
			"</p>"
		
		 demo = "<p style='text-align:center'><strong>RISK DISCLOSURE</strong></p><br>"+
    "<img src='i/img/bear.jpg' style='float:left; height:115px;' alt=''>"+
    "<br style='line-height:16px'>"+
    "<strong style='COLOR: red'>PLEASE READ THE FOLLOWING INFORMATION CAREFULLY: "+
"THE RISK OF LOSS IN ELECTRONIC DAY TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING "+
"IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES. IN CONSIDERING WHETHER TO TRADE, YOU SHOULD BE "+
"AWARE OF THE FOLLOWING POINTS:</strong><br>"+
    "<ul class='lt1_text' style='margin-left:px; margin-top:17px'>"+
        "<li class='li2' style='margin-top:0px'>(1) The national securities markets are extremely efficient and competitive."+ 
        "Successful Electronic Day Trading typically requires skill and discipline as well as experience and knowledge of the "+
        "capital markets. There is no guarantee that you will be successful in implementing your investment strategy. A "+
        "substantial number of Day Traders will not be successful. Moreover, changes in market structure and competitive "+
        "conditions also may affect your continued success. Only risk capital should be used for trading. Market structure and "+
        "competitive changes in the markets may cause formerly successful traders to become less successful.</li><br><br>"+
        "<li class='li2'>(2) Electronic Day trading involves a high volume of trading activity - the number of transactions in "+
        "an account may exceed 100 per day. Each trade generates a commission and the total daily commission on such a high "+
        "volume of trading can be in excess of any earnings.</li><br><br>"+

        "<li class='li2'>(3) Persons who are new to Electronic Day trading should strictly limit both the number of trades "+
        "they do and the size of their trades to reduce the risk of large dollar losses during the learning process.</li><br><br>  "+  
        "<li class='li2'>(4) Electronic Day Trading is designed to produce short-term profits. However, the activity also may "+
        "result in losses that can exceed more than 100% of your initial capital. You are solely responsible for any losses in "+
        "your account.</li><br><br>  "+  
        "<li class='li2'>(5) Placing contingent orders, such as 'stop-loss' or 'stop-limit' orders, will not necessarily limit "+
        "your losses to the intended amounts, since market conditions on the NASDAQ or any alternative trading system on which "+
        "the order is placed may make it impossible to execute such orders. Similarly, using 'market orders' can be very risky, "+
        "since large gaps can occur in price movements of active stocks. You are urged in most instances to use limit orders.</li><br><br> "+    
        "<li class='li2'>(6) Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly"+ 
        "at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due "+
        "to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems "+
        "may be encountered in executing a transaction.</li><br><br>"+    
        "<li class='li2'>(7) In addition to normal market risks, you may experience losses due to system failures. The firm and "+
        "its clearing broker rely upon sophisticated computer software and hardware to execute transactions, which are subject "+
        "to failure due to a variety of factors. In addition, NASDAQ and the alternative trading systems have computer systems "+
        "that often malfunction. Among other events, you may experience losses due to: system crashes during both peak and low "+
        "volume periods; the loss of orders on both SOES and SelectNet; and, delayed, conflicting and inaccurate confirmations "+
        "on orders or cancellations that you initiate.</li><br><br> "+   
        "<li class='li2'>(8) The use of any margin or leverage in an account can work against you as well as for you. Leverage can "+ 
        "lead to large losses as well as gains. You may sustain a total loss of the initial margin funds and any additional funds "+
        "that you deposit with your broker to establish or maintain a position, and you may incur losses beyond your initial "+
        "investment. If the market moves against your position, you may be called upon to deposit a substantial amount of additional "+
        "margin funds, on short notice, in order to maintain you position. If you do not provide the required funds within the time "+
        "required, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.</li><br><br> "+   
        "<li class='li2'>(9) You should consult your broker concerning the nature of the protections available to safeguard funds or "+
        "property deposited in your account.</li><br><br>   "+ 
    "</ul>"+
    "<br><strong style='COLOR: red'>THE RISK OF ELECTRONIC DAY TRADING MAY BE SUBSTANTIAL. THIS BRIEF STATEMENT CANNOT, OF COURSE, "+
    "DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF ELECTRONIC DAY TRADING. ONLY RISK CAPITAL SHOULD BE USED FOR SUCH TRADING . </strong><br><br>"+

    "Market Volatility back to top <br><br>"+
    "Market conditions, abnormal trading volumes, and other factors may adversely affect system response and access times. For additional "+
    "information on market volatility please view our info page.<br><br>"+
	
	
	"<strong style='COLOR: red'>DAY TRADING RISK DISCLOSURE  </strong><br>"+
    "Day Trading Risk Disclosure Statement - Rule 2361.<br> "+
    "Day Trading Risk Disclosure Statement<br><br>"+
    "(a) Except as provided in paragraph (b), no member that is promoting a day-trading strategy, directly or indirectly, "+
    "shall open an account for or on behalf of a non-institutional customer unless, prior to opening the account, the member "+
    "has furnished to each customer, individually, in writing or electronically, the following disclosure statement:<br> "+
    "<ul class='lt1_text' style='margin-left:px; margin-top:17px'>"+
        "<li class='li2' style='margin-top:0px'>You should consider the following points before engaging in a day-trading strategy. "+
        "For purposes of this notice, a 'day-trading strategy' means an overall trading strategy characterized by the regular "+
        "transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or "+
        "securities.</li><br><br>"+

        "<li class='li2'>Day trading can be extremely risky. Day trading generally is not appropriate for someone of limited"+ 
        "resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all of "+
        "the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, "+
        "student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or "+
        "funds required to meet your living expenses. Further, certain evidence indicates that an investment of less than $50,000 "+
        "will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will "+
        "in no way guarantee success.</li><br><br>"+
        "<li class='li2'>Be cautious of claims of large profits from day trading. You should be wary of advertisements or other "+
        "statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and"+ 
        "immediate financial losses.</li><br><br>"+    
        "<li class='li2'>Day trading requires knowledge of securities markets. Day trading requires in-depth knowledge of the "+
        "securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete "+
        "with professional, licensed traders employed by securities firms. You should have appropriate experience before engaging "+
        "in day trading.</li><br><br>  "+  
        "<li class='li2'>Day trading requires knowledge of a firm's operations. You should be familiar with a securities firm's business "+
        "practices, including the operation of the firm's order execution systems and procedures. Under certain market conditions, "+
        "you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, "+
        "when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. "+
        "The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. "+
        "In addition to normal market risks, you may experience losses due to system failures.</li><br><br> "+   
        "<li class='li2'>Day trading will generate substantial commissions, even if the per trade cost is low. Day trading "+
        "involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you "+
        "pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a trade "+
        "costs $16 and an average of 29 transactions are conducted per day; an investor would need to generate an annual profit "+
        "of $111,360 just to cover commission expenses.</li><br><br> "+   
        "<li class='li2'>Day trading on margin or short selling may result in losses beyond your initial investment. When you day "+
        "trade with funds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A "+
        "decline in the value of the securities that are purchased may require you to provide additional funds to the firm to "+
        "avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading "+
        "strategy also may lead to extraordinary losses, because you may have to purchase a stock at a very high price in order "+
        "to cover a short position.</li><br><br>  "+  
        "<li class='li2'>Potential Registration Requirements. Persons providing investment advice for others or managing securities "+
        "accounts for others may need to register as either an 'Investment Advisor' under the Investment Advisors Act of 1940 or as "+
        "a 'Broker' or 'Dealer' under the Securities Exchange Act of 1934. Such activities may also trigger state registration "+
        "requirements.</li><br><br>"+
    "</ul>"+

    "(b) In lieu of providing the disclosure statement specified in paragraph (a), a member that is promoting a day-trading strategy "+
    "may provide to the customer, individually, in writing or electronically, prior to opening the account, an alternative disclosure "+
    "statement, provided that:<br>   "+ 
    "<ul class='lt1_text' style='margin-left:px; margin-top:17px'>  "+  
        "<li class='li2'>(1) The alternative disclosure statement shall be substantially similar to the disclosure statement specified "+
        "in paragraph (a); and </li><br><br>"+
        "<li class='li2'>(2) The alternative disclosure statement shall be filed with the Association's Advertising Department "+
        "(Department) for review at least 10 days prior to use (or such shorter period as the Department may allow in particular "+
        "circumstances) for approval and, if changes are recommended by the Association, shall be withheld from use until any "+
        "changes specified by the Association have been made or, if expressly disapproved, until the alternative disclosure "+
        "statement has been refiled for, and has received, Association approval. The member must provide with each filing the "+
        "anticipated date of first use.</li><br><br>"+
    "</ul>"+
    "(c) For purposes of this rule, the term 'day-trading strategy' shall have the meaning provided in Rule 2360(e).<br><br>"+
    "(d) For purposes of this Rule, the term 'non-institutional customer' means a customer that does not qualify as an 'institutional"+ 
    "account' under Rule 3110(c)(4).<br><br>"+

    "(e) 2000, National Association of Securities Dealers, Inc. (NASD). All rights reserved. Notices to Members attempt to "+
    "present information to readers in a format that is easily understandable. However, please be aware that, in case of any "+
    "misunderstanding, the rule language prevails.<br><br> "+
    "<strong>SHORT SALES </strong><br>"+
    "NASD Rule 3350 prohibits short sales of NASDAQ securities at or below the current best (inside) bid as shown on the NASDAQ screen "+
    "when that bid is lower than the previous best (inside) bid (this is referred to as the 'bid test'). To determine whether a sale "+
    "is long or short, you must adhere to the definition of a 'short sale' contained in the Securities and Exchange Commission (SEC) "+
    "Rule 3b-3, which is incorporated into the NASD's Short-Sale Rule. Under SEC Rule 3b-3 and NASD Rule 3350, the term 'short sale' "+
    "means any sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed "+
    "by, or for the account of, the seller. To determine whether the seller is long or short overall, the seller must net all "+
    "positions in the security. This includes netting positions held in accounts that are under common control or traded with a "+
    "single investment strategy.<br><br>"+
    "An affirmative determination must be made that the shares are available for shorting from our clearing firm. A short sale requested "+
    "by a customer may or may not be allowed due to numerous market and or operational conditions, and the order may be rejected.<br><br>"+
    "An exception to the NASD up-bid requirement is if you place an order at $.01 above the inside bid when that current bid is lower than "+
    "the previous inside bid. When entering Short Sales at the market, our trading programs will automatically check for the proper "+
    "up-bid and determine if the order is enterable, if it is on a down-bid the software will reject the order.<br><br>"+
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