Terms of Use


By accessing this site, you signify your agreement with and understanding of the following Terms of Use and Legal Information pertaining to both this site and any material on it.

Ownership of Site and Trademarks

Scarsdale Equities LLC (hereinafter referred to as “Scarsdale Equities” or “The Firm”) owns and maintains this site. Nothing at this site shall be construed as granting, by implication, estoppel or otherwise, any license or right to use any image, trademark, logo or service mark at the site. No act of downloading or otherwise copying from this site will transfer title to any software or material at this site to you. Anything that you transmit to this site becomes the property of Scarsdale Equities, may be used by Scarsdale Equities for any lawful purpose, and is further subject to disclosure as deemed appropriate by Scarsdale Equities, including to any legal or regulatory authority to which Scarsdale Equities is subject.

Local Dealing Restrictions

Scarsdale Equities makes no representations that materials at this site are appropriate for use in all locations, or that transactions, securities, products, instruments or services discussed at this site are available or appropriate for sale or use in all jurisdictions, or by all investors or counter parties. Those who access this site do so on their own initiative, and are responsible for compliance with applicable local laws or regulations.

No Offer of Securities – Disclosure of Interests

Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy the securities or any other instruments of an issuer. Offers can only be made where lawful under applicable law. If you wish to obtain further details about any information contained on this site we suggest that you contact a Scarsdale Equities Representative. It is possible that individual employees of Scarsdale Equities may disagree with opinions at this site. In addition, officers and/or employees of Scarsdale Equities, may from time to time have long or short positions in securities mentioned at this site. Officers and/or employees of Scarsdale Equities may be a director of the issuer of the securities mentioned at this site. Scarsdale Equities may have managed or co-managed a public offering of, or acted as initial purchaser or placement agent for a private placement of, any of the securities of any issuer mentioned at this site within the last three years, or may from time to time perform investment banking or other services for, or solicit investment banking or other business from, mentioned companies.

No Reliance

While Scarsdale Equities uses reasonable efforts to obtain information from reliable sources, Scarsdale Equities makes no representations or warranties as to the accuracy, reliability or completeness of any information or document at this site. Opinions and any other contents at this site are subject to change without notice. Scarsdale Equities is not utilizing this site to provide investment or other advice to you or any other party, and no information or material at this site is to be relied upon for the purpose of making or communicating investment or other decisions.

Price Information/Valuations

Actionable prices can be obtained only on a real-time, expressly agreed upon basis. Any indicative valuations in materials at this site are provided for information only. They are not an offer to enter into, transfer and assign or terminate any transaction, or a commitment by Scarsdale Equities to make such an offer. An indicative valuation may differ substantially from an actionable value. Such estimates do not necessarily reflect Scarsdale Equities’ internal bookkeeping or theoretical model-based valuations. Indicative valuations in materials at this site may vary significantly from indicative valuations available from other sources. While Scarsdale Equities has obtained the information on which these evaluations are based from sources it believes reliable, Scarsdale Equities makes no representations or warranties with respect to any indicative valuations.

Instant Messaging Disclaimer

This message is intended only for the addressee. Please notify the sender by instant message if you are not the intended recipient. If you are not the intended recipient, you may not copy, disclose, or distribute this message or its contents to any other person and any such actions may be unlawful. Please be advised that Scarsdale Equities is willing to use instant messenger (“IM”) communication with you and your firm only as an accommodation to your business. If you choose to use IM to communicate with Scarsdale Equities representatives you are agreeing to the following terms and conditions:

  1. Use of IM involves certain risks, including but not necessarily limited to those referred to below. By using IM to communicate with Scarsdale Equities representatives you are agreeing to assume all such risks.
  2. Even though Scarsdale Equities representatives have IM open and/or Scarsdale Equities representatives have communicated with you through IM recently, Scarsdale Equities representatives may not (and Scarsdale Equities assumes no obligation to) timely see, process, act on or respond to any message from you through IM.
  3. Scarsdale Equities is responsible for honoring any order, trade, cancellation, instruction or other time sensitive communication only if, as and when Scarsdale Equities confirms back to you that Scarsdale Equities has received and is processing the same.
  4. Your orders, cancellations and Instant Messaging Disclaimer must be sent in a manner and within time-frames that would allow Scarsdale Equities to timely process the same, including, without limitation, reasonably prior to the end of trading hours of the relevant market. Failure to do so may make it impossible for Scarsdale Equities to process your orders and act on your instructions.
  5. You assume full responsibility for your trading activity and communications, including , but not limited to, compliance with all applicable laws, rules and regulations and exchange or market requirements and practices (collectively, “Applicable Laws”).
  6. You will provide Scarsdale Equities with all terms and conditions relevant to all orders and designate any short order as such, all in accordance with Applicable Laws.
  7. Scarsdale Equities will retain all messages sent to or from this IM address as required by regulation. Scarsdale Equities reserves the right to monitor and review such messages.
  8. IM may not be secure. Scarsdale Equities assumes no responsibility for assuring that any IM message has not been viewed, altered or forged by a third party without Scarsdale Equities’s knowledge.

Hypothetical or Past Performance

Hypothetical or simulated performance results have 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. Simulated trading programs in general are designed with the benefit of hindsight. Past performance is not indicative of future results; no representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Material to be Consulted in its Entirety

All materials at this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosure or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.

Linked Sites

Scarsdale Equities has not reviewed any of the sites linked to this site, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages or other sites is at your own risk.

No Warranty

The materials at this site are provided “as is” without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law, including but not limited to the implied warranties of merchantability or fitness for a particular purpose or non-infringement. Scarsdale Equities further assumes no responsibility for, and makes no warranties that, functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components. Scarsdale Equities shall not be liable for any damages to, viruses that may infect, or services, repairs or corrections that must be performed on your computer or other property on account of your accessing or use of this site. Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusion may not apply to you.

Liability Waiver

Under no circumstances, including, but not limited to, negligence, shall Scarsdale Equities be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials at this site, even if Scarsdale Equities or an authorized Scarsdale Equities representative has been advised of the possibility of such damages. Applicable law may not allow the limitation or exclusion of liability for consequential or incidental damages, so the limitation or exclusion may not apply to you. In no event shall Scarsdale Equities’ total liability for any and all damages and causes of action exceed the amount paid by you, if any, for the use of this site.

Applicable Law

This agreement shall be governed by and construed in accordance with the substantive and procedural laws of the State of New York, without giving effect to the principles of conflicts of law.

Scarsdale Equities is committed to the principles of equal employment opportunity. The Firm does not discriminate against any employee or applicant for employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital status, sexual orientation or because of any other criteria prohibited under controlling federal, state or local law.


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