United States
Nothing on this Service is an offer, sale, or solicitation of a security under the Securities Act of 1933, 15 U.S.C. §77e, or of a commodity interest under the Commodity Exchange Act. We are not a “broker” or “dealer” as defined in the Securities Exchange Act of 1934, 15 U.S.C. §78c(a)(4)–(5). We do not operate a national securities exchange, alternative trading system, or clearing agency. We are not an “investment adviser” as defined in the Investment Advisers Act of 1940, 15 U.S.C. §80b-2(a)(11). Content is impersonal educational publication, not advice based on your particular circumstances. We are not a FINRA member and Regulation Best Interest does not apply to us as a broker, because we are not one. We are not a futures commission merchant, introducing broker, commodity trading advisor, or commodity pool operator, and we are not an NFA member. Hypothetical performance language on the desk is made in the spirit of CFTC Rule 4.41, 17 C.F.R. §4.41: no representation is made that any account will or is likely to achieve profits or losses similar to those shown. We are not a money services business or money transmitter under the Bank Secrecy Act or FinCEN rules; there is no custody, no wallet, and no transmission of value. Digital-asset names on the board are teaching examples, not an offering of crypto-asset securities. Delayed public last on this board is educational illustration, not a quotation we are in the business of distributing, and not a recommendation. State “blue sky” laws are not implicated because we do not offer or sell securities in any state. We do not raise capital from users under Regulation D, Regulation A, or Regulation Crowdfunding.
Canada
We are not registered as a dealer, adviser, or investment fund manager under National Instrument 31-103 or any provincial or territorial Securities Act. We are not a CIRO (formerly IIROC or MFDA) member. We do not “advise” as that term is used in, among others, the Ontario Securities Act, the Securities Act (Québec), the Securities Act (British Columbia), or the Securities Act (Alberta). We are not a crypto-asset trading platform under CSA staff notices. Lessons and the practice desk are general education, not a recommendation to any Canadian resident. Quebec’s consumer-protection and language rules are respected by stating clearly that this classroom is offered in English as a free publication, not as a contract for financial services.
Mexico
We are not a casa de bolsa, not an investment adviser authorized by the Comisión Nacional Bancaria y de Valores (CNBV), not a payment institution, and not an Institución de Tecnología Financiera under the Ley para Regular las Instituciones de Tecnología Financiera (Fintech Law). Names of acciones, índices, or criptoactivos on the board are for instruction. CONDUSEF consumer-finance protections for supervised entities do not convert this classroom into a supervised entity.
What you may do here
Read lessons. Watch delayed last when the feed is up. Place paper trades with fake cash. Ask the Professor how an idea works. Talk on the floor about what you see — not what someone should buy. That is education. Opening a live account, sending money, or taking a tip from a stranger happens somewhere else, with a firm that is actually licensed, and at your own risk.
Risk, tax, and age
Securities, futures, options, FX, and crypto can result in loss of principal. Leverage magnifies loss. This classroom does not give tax advice under the U.S. Internal Revenue Code, the Income Tax Act (Canada), or the Ley del Impuesto sobre la Renta. This classroom is a general-audience school. It is not directed at children under 13. We do not run an 18+ date-of-birth wall — COPPA is 13, and we are not a broker. An account, if you make one, is for people 13 or older. COPPA and similar North American child-privacy rules: we do not direct this Service at children.
Floor, Professor, and clerk
Public notes are your speech, not ours. They are not an offering circular. The Professor and the Floor Clerk are language models with house rules. They are not associated persons, not registered representatives, not advising representatives, and not a substitute for a licensed human. A reminder from the clerk is not a legal determination.