Rayana
Draft — pending counsel review. This document is a founder-prepared draft for review and is not the effective agreement. Bracketed items are unresolved, and nothing here is legal or investment advice.

Rayana — Disclosures (DRAFT)

STATUS: FOUNDER-PREPARED DRAFT FOR COUNSEL REVIEW. Not legal advice; not effective until counsel approves. Companion to the Terms of Service and Privacy Policy.

Last updated: [DATE]

Not investment advice

Rayana is a financial publisher, not an investment adviser, broker-dealer, or fiduciary. All research, scores, ratings, signals, model portfolios, and AI-generated analysis are general and impersonal, the same for every subscriber, and not tailored to you or your circumstances. Nothing on the Service is a recommendation to you to buy, sell, or hold any security or asset, or an offer or solicitation. Do your own research and consult a licensed financial adviser, broker, and tax professional before investing.

Impersonal ratings

A score or rating such as "Strong Buy" is an impersonal, published assessment produced by Rayana's model and shown identically to all users. It describes Rayana's general view — not advice that you buy, sell, or hold a security. Scores are probabilistic and forward-looking, not predictions or guarantees, and may draw on third-party data Rayana does not verify.

Model portfolios are hypothetical

Any model portfolio is a hypothetical portfolio curated by Rayana and published identically to all subscribers. It is not managed for you, not a personalized recommendation to replicate it, and does not reflect actual trading in any account. Any "buy," "add," "trim," or "exit" refers to a change in the hypothetical model, not to action you should take with your own money.

Positions & conflicts of interest

Rayana, its principals, employees, and affiliates may hold, and may buy or sell, positions in securities and assets covered by the Service, and may do so at any time without notice. Rayana's ratings and model portfolios are produced by its model on an impersonal basis; they are not compensated by any issuer to cover a security. Newsletter sponsorships, where present, are clearly labeled and do not influence ratings.

Hypothetical and back-tested performance

Any performance shown is hypothetical and/or based on back-testing; it does not represent actual trading or an actual account. Hypothetical results have inherent limitations: they are prepared with the benefit of hindsight, do not reflect the impact real market conditions might have had on decision-making, and generally do not reflect fees, commissions, slippage, taxes, or other costs. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. Past and hypothetical performance do not guarantee future results.

Asset-class risk

  • Crypto: Digital assets are highly volatile, may be largely unregulated, and can lose all value. Coverage here is impersonal research, not advice to trade.
  • Options: Options involve a high degree of risk, can expire worthless, and may lose more than the premium. Read the OCC's "Characteristics and Risks of Standardized Options" before trading.
  • Commodities and leveraged products: These carry added volatility, roll, and leverage risk. Impersonal research only.

Risk

Investing involves risk, including possible loss of principal. Consult a licensed adviser, broker, and tax professional before investing. Use of Rayana is subject to the Terms of Service and Privacy Policy.

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