/ Disclosures

General Financial, Legal, and Platform Risk

Software Only; No Advisory Relationship

Virgil AI IS A SOFTWARE AND MARKET-RESEARCH PLATFORM. Virgil AI IS NOT A BROKER-DEALER, REGISTERED INVESTMENT ADVISER, COMMODITY TRADING ADVISER, FINANCIAL PLANNER, TAX ADVISER, LAW FIRM, EXCHANGE, CUSTODIAN, OR FIDUCIARY.

No feature, model, alert, thesis, score, ranking, chart, watchlist, strategy, prompt, response, notification, data point, or interface element is individualized financial, legal, tax, accounting, brokerage, investment, or trading advice. Nothing in the Services is an offer, solicitation, endorsement, instruction, or recommendation to buy, sell, hold, short, hedge, or trade any security, option, futures contract, foreign exchange instrument, cryptocurrency, prediction market contract, commodity interest, or other financial product.

Self-Directed Use and Assumption of Risk

You are solely responsible for your research, suitability analysis, strategy design, risk controls, account settings, order review, tax consequences, and financial decisions. You should consult qualified professionals before making investment, trading, legal, accounting, or tax decisions. You agree not to rely on the Services as the sole basis for any financial decision.

Trading and investing are inherently risky. You may lose some or all of your capital, including more than your initial deposit when using margin, options, short selling, leveraged products, futures, forex, or similar instruments.

No Guarantee of Availability, Accuracy, or Outcome

The Services may be unavailable, delayed, incomplete, inaccurate, interrupted, or affected by software defects, model defects, market disruptions, exchange halts, brokerage restrictions, third-party outages, rate limits, stale data, calculation errors, security events, maintenance, or network failures. Virgil AI does not guarantee profit, return, execution quality, signal accuracy, model accuracy, risk reduction, or portfolio performance.

Liability Allocation

TO THE FULLEST EXTENT PERMITTED BY LAW, Virgil AI AND ITS OWNERS, OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AFFILIATES, LICENSORS, DATA PROVIDERS, AND SERVICE PROVIDERS WILL NOT BE LIABLE FOR TRADING LOSSES, MARKET LOSSES, LOST PROFITS, LOST REVENUE, LOST DATA, LOST OPPORTUNITIES, BUSINESS INTERRUPTION, REPUTATIONAL HARM, CONSEQUENTIAL DAMAGES, INCIDENTAL DAMAGES, SPECIAL DAMAGES, EXEMPLARY DAMAGES, PUNITIVE DAMAGES, OR DAMAGES ARISING FROM USE OF OR RELIANCE ON THE SERVICES.

If liability cannot be excluded, Virgil AI's total aggregate liability for all claims relating to the Services will not exceed the lesser of (a) amounts you paid to Virgil AI for the Services in the twelve (12) months before the event giving rise to the claim, or (b) USD $100.

Artificial Intelligence, Models, and Signals

AI Outputs Are Probabilistic and Fallible

The Services may use large language models, machine learning systems, statistical models, ranking systems, scoring formulas, rules engines, and third-party AI infrastructure. These systems may produce hallucinations, false statements, stale conclusions, incomplete analysis, incorrect citations, invalid calculations, unsuitable outputs, or misleading confidence levels.

Signals and Scores Are Not Instructions

Scores, conviction labels, "buy", "sell", "hold", "exit", "breakout", "momentum", "beneficiary", "risk", "impact", "confidence", "thesis", or similar labels are software classifications and analytical shorthand only. They are not personalized recommendations, trading instructions, or guarantees.

Model Drift, Prompt Risk, and Automation Risk

• Model drift: Outputs may change as models, prompts, market regimes, third-party tools, or data sources change.
• Prompt sensitivity: Different wording, missing context, or hidden assumptions may materially change results.
• Automation risk: Automated workflows can amplify stale data, connection failures, order-routing errors, and user configuration mistakes.
• Human review required: You must independently review AI outputs before relying on them or taking action.

No Training, Benchmarking, or Extraction Rights

AI outputs, model behavior, prompts, scoring structures, workflow logic, and interface responses are part of the protected Virgil AI platform. You may not use them to train, fine-tune, distill, benchmark, validate, reverse engineer, replicate, or build a competing product or service without written permission.

Hypothetical, Simulated, Backtested, and Displayed Performance

Performance Displays Are Not Promises

Portfolio tracking, thesis PnL, baseline capture, backtests, strategy simulations, scenario models, projected returns, win/loss estimates, rankings, watchlists, and paper-trading views are informational software displays. They may omit commissions, spreads, slippage, taxes, borrowing costs, margin interest, short locate fees, liquidity constraints, rejected orders, partial fills, regulatory restrictions, and other real-world factors.

Past Performance and Backtests

Past performance, historical analysis, backtested results, simulated returns, paper results, and examples are not reliable indicators of future performance. Market regimes change. Strategies that appeared successful in one period can fail immediately, permanently, or catastrophically in another.

User-Provided Settings

Any performance or risk display may depend on user settings, imported data, brokerage data, symbol mapping, timestamps, currencies, corporate actions, and calculation assumptions. You are responsible for verifying those assumptions before making decisions.

Trading, Options, Margin, and Intraday Risk

Market and Execution Risk

• Total loss: You can lose all capital allocated to a strategy or account.
• Loss beyond deposit: Margin, options, short selling, futures, and leveraged products may create losses greater than your initial deposit.
• Execution risk: Orders may be rejected, delayed, partially filled, routed differently, filled at worse prices, or not filled at all.
• Liquidity risk: Thin markets, wide spreads, halts, news events, and low-liquidity hours (nights and weekends) may prevent exits or materially worsen prices.
• Operational risk: Internet outages, device failures, brokerage outages, API errors, webhook delays, and misconfiguration can cause unintended results.

Intraday and Margin Rules

Intraday and margin activity is governed by your brokerage agreement, exchange rules, clearing requirements, regulatory rules, account type, product permissions, and real-time risk controls. Brokers may impose equity requirements, margin calls, liquidation rights, order restrictions, concentration limits, good-faith violation rules, unsettled-cash restrictions, or day-trading controls. You must consult your broker for rules that apply to your account before trading.

Options, Shorts, Crypto, Forex, and Prediction Markets

Options can expire worthless and complex options strategies can create nonlinear losses. Short selling can create theoretically unlimited losses. Crypto, forex, futures, and prediction markets may trade continuously, gap sharply, lack investor protections available in securities markets, or be restricted by jurisdiction. Leveraged products can magnify losses quickly.

Cryptocurrency-Specific Risks

• 24/7 markets: Cryptocurrency trades around the clock, including nights, weekends, and holidays. Virgil AI's algorithms can open and close positions at any hour, and prices can move sharply while you are not watching.
• Extreme volatility: Coin prices can rise or fall by large percentages within minutes. Stop, trailing, and profit-protection exits may fill far from their trigger prices, or not at all, during fast moves or thin liquidity.
• No SIPC or FDIC protection: Cryptocurrency is not a security or a bank deposit. Cryptocurrency held in your brokerage account is not protected by the Securities Investor Protection Corporation (SIPC) or insured by the Federal Deposit Insurance Corporation (FDIC).
• Exchange and custody risk: Your cryptocurrency and cash are held by your broker (Alpaca) and the venues and custodians it uses, never by Virgil AI. Their outages, insolvency, security breaches, frozen withdrawals, delistings, or trading halts can cause losses or prevent you from exiting positions.
• Network and token risk: Blockchain congestion, forks, protocol bugs, stablecoin de-pegging, and token delistings can affect prices, availability, and settlement.
• Regulatory risk: Laws and broker policies on cryptocurrency change. A change can restrict trading or force positions to be closed.

Third-Party Data, Broker APIs, and Connected Services

Third-Party Dependencies

Virgil AI may depend on brokerages, exchanges, data vendors, cloud providers, payment processors, identity providers, analytics tools, email services, SMS/push providers, AI providers, and other third parties. Third-party services are governed by their own agreements, policies, schedules, limitations, and fees.

Market Data Limitations

Crypto prices, technical indicators, news, and social sentiment are obtained from third-party providers (including Alpaca, Financial Modeling Prep, Alpha Vantage, TwelveData, Finnhub, Yahoo Finance, TradingView, and StockTwits). Market data is provided for internal strategy evaluation only, is not redistributed as an official exchange feed, and may be delayed, indicative, stale, corrected, restated, unavailable, misformatted, incomplete, mapped to the wrong symbol, or subject to vendor restrictions. Crypto prices can differ between venues. You must verify market data through your broker or other official sources before trading.

Broker and API Limitations

Broker APIs may reject orders, throttle requests, disconnect accounts, change permissions, delay updates, report stale account values, impose product restrictions, liquidate positions, or modify margin requirements. Virgil AI is not responsible for broker actions, data vendor actions, third-party outages, order execution, account losses, rejected trades, fees, or regulatory restrictions.

Credential and Permission Responsibility

You are responsible for granting, reviewing, limiting, and revoking third-party permissions and API credentials. You should use least-privilege permissions whenever possible and should never connect capital, accounts, or permissions you are not prepared to monitor directly.

Investor Guidance and Fraud Awareness

Review investor education materials from the U.S. Securities and Exchange Commission, FINRA, and CFTC.

Before Making Any Investment or Trade

1. Build a personal financial plan and understand your risk tolerance.
2. Do not trade with emergency funds, rent, mortgage money, student loan funds, retirement funds you cannot afford to lose, or essential living money.
3. Understand the product, venue, liquidity, fees, tax treatment, and worst-case loss before entering a trade.
4. Diversify where appropriate and avoid concentrated exposure you cannot withstand.
5. Verify claims through official issuer, exchange, broker, SEC, FINRA, CFTC, or other regulatory sources.
6. Be skeptical of guaranteed returns, urgency, secret strategies, influencer hype, pump-and-dump activity, and unsolicited trading advice.
7. Keep independent records of orders, account statements, confirmations, tax documents, and strategy assumptions.

Emergency Controls and Active Supervision

Never leave live automated trading unattended. The Emergency Controls on the Virgil AI Home page let you pause the algorithms, suspend API activity, stop orders and liquidations, liquidate all positions, or cancel open orders. Suspending the API or stopping orders also blocks automated exits. AI chat actions that trade run only after you confirm them. Also keep direct access to your Alpaca account so you can close positions or cancel orders yourself if Virgil AI is unavailable.

Voice Commands

If you link a voice-assistant integration, voice requests can be misheard, triggered by other people or devices nearby, or answered from delayed data, so verify anything you hear in the app before acting on it. Placing, closing, or selling off positions by voice is not available.

Trading Psychology, Journaling & Wellness Features

Any trading psychology, emotional discipline, or AI-assisted journaling features within Virgil AI are provided solely for personal self-reflection and educational productivity. Virgil AI does not provide medical, clinical, psychological, psychiatric, or behavioral-health advice, diagnosis, or therapy. If you experience emotional distress, financial crisis, or compulsive trading behavior, stop trading immediately and contact a qualified professional or call/text the 988 Suicide & Crisis Lifeline (988 in the US) or the National Problem Gambling Helpline (1-800-GAMBLER).

No Emergency or Real-Time Monitoring Service

Virgil AI is not an emergency alert system, trade desk, brokerage supervision service, risk manager, or real-time monitoring service. You are responsible for monitoring your accounts, orders, open positions, margin status, broker notices, and market conditions directly.