Terms of Use

Last Updated: August 11, 2026

1. Acceptance of Terms

By accessing, registering for, or using Pierce Finance (the "Service"), provided by Pierce Finance ("Company," "we," "us," or "our"), you ("User" or "you") agree to be bound by these Terms of Use and all applicable laws and regulations. If you do not agree with any portion of these Terms, you are strictly prohibited from using or accessing the Service.

2. No Investment Advice, Financial Planning, or Fiduciary Duty

PIERCE FINANCE IS NOT A REGISTERED INVESTMENT ADVISOR (RIA), BROKER-DEALER, CERTIFIED FINANCIAL PLANNER (CFP), OR FINANCIAL INSTITUTION UNDER UNITED STATES FEDERAL OR STATE LAWS OR ANY OTHER JURISDICTION.

  • Informational & Educational Use Only: The Service provides automated quantitative research tools, market data synthesis, and agentic artificial intelligence interfaces. All content, financial metrics, scenario models, research reports, ratings, and outputs generated by the Service are provided strictly for informational and educational research purposes.
  • No Personalized Recommendations: Nothing on the Service constitutes personalized investment, financial, legal, tax, or accounting advice. No output constitutes a recommendation, endorsement, or solicitation to buy, sell, short, or hold any security, cryptocurrency, derivative, or financial instrument.
  • No Fiduciary Duty: Accessing or using the Service does not create any fiduciary, advisory, client, attorney, or professional relationship between you and Pierce Finance. You acknowledge sole responsibility for your investment decisions and financial strategies.

3. Nature of Artificial Intelligence, Hallucinations & Mandatory Duty to Verify

The Service incorporates advanced Large Language Models (LLMs), machine learning algorithms, and autonomous agentic workflows.

  • AI Hallucinations & Inaccuracies: Artificial intelligence systems are probabilistic and capable of producing "hallucinations"—outputs that are factually wrong, outdated, mathematically miscalculated, or contextually misleading.
  • Mandatory Duty to Verify: As a condition of using the Service, you agree and contractually warrant that you will independently verify all AI-generated financial figures, financial statements, ratios, valuation metrics, and analytical conclusions against primary data sources (such as official SEC EDGAR filings, company 10-K/10-Q reports, and audited financial releases) prior to taking any financial, trading, or business action.
  • Waiver of Reliance Claims: Pierce Finance expressly disclaims any liability for investment losses, capital erosion, lost profits, or damages resulting directly or indirectly from your reliance on AI-generated outputs, automated summaries, or data synthesis.

4. Third-Party Data Providers, SEC Filings & Market Feed Disclaimers

  • Data Sources: The Service relies on financial data feeds, public regulatory filings (SEC EDGAR), third-party market data suppliers (e.g., Financial Modeling Prep), and third-party AI model providers (e.g., OpenAI, Anthropic, OpenRouter).
  • "AS-IS" Data Provision: Market quotes, financial metrics, historical prices, corporate action data, and fundamental data are provided "AS-IS" and "AS-AVAILABLE" with potential delays, omissions, or errors.
  • No Feed Warranty: Pierce Finance does not guarantee the accuracy, timeliness, sequence, or completeness of third-party data or market feeds, and disclaims any responsibility for market delays, feed interruptions, or pricing feed failures.

5. Account Security, Subscriptions, and Pierce Points Billing Policy

  • Pierce Points: Access to agentic research features is quantified via "Pierce Points." Points are deducted from your balance upon query execution based on model tier and compute requirements.
  • Strict No-Refund Policy: All purchases of Pierce Points, subscription plans, and recurring memberships are non-refundable. We do not issue partial refunds or pro-rated credits for unused points, early account cancellations, or service modifications.
  • Auto-Renewal: Subscriptions automatically renew at the end of each billing period unless cancelled through your account dashboard prior to the renewal date.

6. Prohibited Conduct, Reverse Engineering & System Integrity

You agree not to engage in any of the following prohibited activities:

  • Reverse engineering, decompiling, or attempting to extract the underlying prompts, system architecture, or agentic orchestration logic of Pierce Finance.
  • Utilizing automated bots, scrapers, crawlers, or unauthorized API wrappers to extract platform data or bypass rate limits.
  • Utilizing the Service for illicit market manipulation, insider trading research, front-running, or violating securities laws.
  • Reselling, sublicensing, or commercially redistributing raw AI research outputs without explicit written consent from Pierce Finance.

7. Intellectual Property & Research Usage Rights

All proprietary software, branding, platform interfaces, logos, and orchestration workflows are the exclusive intellectual property of Pierce Finance. You retain a non-exclusive, non-transferable license to use generated research outputs for your internal personal or organizational investment research.

8. Express Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. PIERCE FINANCE EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR FINANCIAL OR INVESTMENT PURPOSE, TITLE, ACCURACY, SECURITY, AND NON-INFRINGEMENT.

9. Limitation of Liability & Damages Waiver

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL PIERCE FINANCE, ITS OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, AGENTS, OR DATA SUPPLIERS BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES—INCLUDING BUT NOT LIMITED TO TRADING LOSSES, LOSS OF PROFITS, LOSS OF CAPITAL, LOSS OF DATA, OR BUSINESS INTERRUPTION—ARISING OUT OF OR IN CONNECTION WITH YOUR USE OR INABILITY TO USE THE SERVICE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING UNDER OR RELATING TO THESE TERMS SHALL NOT EXCEED THE GREATER OF (I) THE TOTAL AMOUNT PAID BY YOU TO PIERCE FINANCE IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE CLAIM, OR (II) ONE HUNDRED US DOLLARS ($100.00).

10. User Indemnification Obligations

You agree to defend, indemnify, and hold harmless Pierce Finance, its corporate parents, affiliates, officers, directors, employees, and data licensors from and against any claims, liabilities, damages, judgments, awards, losses, costs, or expenses (including legal fees) arising out of or relating to your violation of these Terms, your reliance on AI-generated outputs, or your investment and trading decisions.

11. Binding Individual Arbitration & Class Action Waiver

PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT.

  • Mandatory Arbitration: Any dispute, claim, or controversy arising out of or relating to these Terms or the Service shall be resolved through binding, confidential, individual arbitration administered under the rules of the American Arbitration Association (AAA).
  • Class Action Waiver: YOU AND PIERCE FINANCE AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING.
  • Waiver of Jury Trial: YOU WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO GO TO COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR JURY.

12. Governing Law, Severability & Entire Agreement

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to conflicts of law principles. If any provision of these Terms is held invalid or unenforceable, that provision shall be severed and the remaining provisions shall remain in full force and effect.