• A risk of partial or total loss of capital with a possible default of the issuer
• A return on investment depending on the sucess of the financed project
• A liquidity risk : the resale of securities is not guaranted and might be uncertain or impossible
• In the case of Girardin investments, a risk of questioning of the tax reduction obtained

Do you understand that you could possibly lose your entire investment or that the return on investment might be dependent on external factors unknown at the time of investment ?

Do you understand that you could have difficulties selling your securities ?