# Legal & Regulatory Disclaimer
> [!WARNING]
> **ReadyTrader-Stocks is for Educational and Scientific Research Purposes Only.**
## 1. No Financial Advice
ReadyTrader-Stocks is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice. Trading stocks and equities involves substantial risk.
## 2. Simulated performance Disclosure (SEC/FINRA Standards)
Simulated trading results (Paper Mode) have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
## 3. Regulatory Compliance
Users are responsible for ensuring their use of this software complies with all applicable local, state, and federal laws, including SEC Rule 15c3-5 (Market Access) and relevant FINRA licensing requirements. The risk controls included in this software are "best effort" and do not substitute for professional compliance supervision.
## 4. Limitation of Liability
ReadyTrader-Stocks is provided “AS IS”, without warranties of any kind. You are solely responsible for your API keys and the capital deployed.
