Current implementation boundary: This unreviewed draft does not establish that a brokerage, execution, automation, notice, safeguard, or regulated feature is currently available. Availability depends on approved configuration, account, provider, jurisdiction, and applicable law.

APEX Trading Terminal — Disclaimer

_Last updated: May 17, 2026 (audit pass v2)_ _⚠️ Draft — Pending licensed-attorney review before publication. Not legal advice; no attorney-client relationship is created by this document._

_Changes v2 (2026-05-17): added EU AI Act transparency note; strengthened "no licensed professional" representation under FTC v. DoNotPay (2024); updated prediction-market language for Polymarket U.S. DCM re-entry; added Florida UPL guard line for any incidental legal-themed content._

Not Financial Advice

The content, tools, data, analysis, and AI-generated commentary provided by APEX Trading Terminal are for informational and educational purposes only. Nothing on this Platform constitutes financial advice, investment advice, trading advice, legal advice, tax advice, or any other form of professional advice.

Silver Owl Studios LLC is not a registered investment adviser, broker-dealer, financial planner, or fiduciary. We do not provide personalized investment recommendations.

AI Analysis Disclaimer

NOVA-TRADER, our AI analytical engine, generates market commentary, trade ideas, and analysis using algorithmic models and publicly available data. This output:

• Is not personalized investment advice
• May be inaccurate or incomplete (including confidently stated incorrect outputs)
• Does not account for your personal financial situation
• Should not be the sole basis for any investment decision

You are interacting with an AI system; this is disclosed in the user interface in accordance with applicable AI-transparency obligations (including Regulation (EU) 2024/1689, the EU AI Act, where applicable).

NOVA-TRADER is not, and is not represented as, a registered investment adviser, broker-dealer, financial planner, fiduciary, attorney, certified public accountant, or any other licensed professional. (Reference: FTC v. DoNotPay, 2024 — $193,000 settlement for representing an AI as a licensed attorney.)

Always conduct independent research and consult a licensed financial professional before trading.

Past Performance

Past performance displayed on this Platform — including historical charts, backtesting results, AI analysis track records, and market data — is not indicative of future results. There is no guarantee that any strategy or tool will be profitable.

Risk Warning

Trading financial instruments involves significant risk of loss. You may lose some or all of your invested capital. Only trade with money you can afford to lose entirely.

Market Data

Market data displayed on APEX is provided by third-party data providers and is believed to be accurate but is not guaranteed. Data may be delayed or contain errors. Do not rely on Platform data for time-sensitive trading decisions without independent verification.

Prediction Markets

Prediction market data from Polymarket, Kalshi, and similar venues is displayed for informational purposes only. This data does not constitute a recommendation to participate in prediction markets. Prediction market trading involves unique risks including complete loss of stake, contested-outcome settlement risk, and evolving CFTC regulatory treatment of specific event-contract categories. Following Polymarket's return to the U.S. market through a CFTC-regulated DCM in late 2025, APEX continues to display Polymarket data only and does not facilitate Polymarket trading from within the Platform. Kalshi trading, where offered through the Platform, is subject to Kalshi's own terms, KYC, and CFTC regulation. Availability of prediction market features varies by jurisdiction.

No Liability

Silver Owl Studios LLC, its officers, directors, employees, and agents shall not be liable for any trading losses, financial damages, or other losses incurred as a result of using this Platform or relying on information, tools, or AI analysis provided herein.

Regulatory Notice

Silver Owl Studios LLC is not registered with the SEC, FINRA, CFTC, NFA, or any other regulatory body as a broker-dealer, investment adviser, commodity trading adviser, or futures commission merchant. Trade execution is provided through Alpaca Securities LLC, a registered broker-dealer and FINRA/SIPC member, and other supported brokers.

Unauthorized Practice of Law (Florida)

APEX Trading Terminal does not provide legal services and does not offer legal advice. Any content on the Platform that incidentally references law, regulation, taxes, or compliance is provided as general information only and does not create an attorney-client relationship. Consult a licensed attorney in your jurisdiction for legal advice. (Reference: Florida Bar Rule 4-5.5 on the unauthorized practice of law.)

_This disclaimer is incorporated into and forms part of our Terms of Service._ _For questions: legal@apexterminal.io_