illiquid. As the HG Memoranda expressly state, "Stietiftlea puiehated . . may lack a liquid trading market, which may result in the inability . . . tot weir/wilt& security or other ,i :awn of red;::, - 14 - KL3 270/29.$ EFTA00294828 investment" risking "potentially unlimited losses." (See e.g., Exh. L at 14; Exh. M