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> selling signals

could this have any legal risks, e.g. your clients will sue you for manipulations and causing losses to them? Is this a valid business at all from SEC standpoint?

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We have the standard disclaimers in the TOS. Essentially, Grizzly Bulls is not a financial advisor, offers no financial advice, and only sells access to signals generated by proprietary models, not the underlying source code for the models. How subscribers choose to use those signals is entirely at their own discretion. There are hundreds of similar businesses out there, and really signals are no different than buy/sell ratings published by more mainstream sites like Seeking Alpha or Morningstar.

All that said, subscribers have generally been happy with Grizzly Bulls' service as evidenced by our low churn rate, especially for the higher tiers.

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