Terms of Service

By accessing or using Oxford Ledge ("the Service"), operated by Oxford Ledge LLC, a New York limited liability company ("Oxford Ledge", "we", "us"), you agree to be bound by these Terms of Service. If you do not agree, do not use the Service.

1. Service Description

Oxford Ledge is a financial research platform operated by Oxford Ledge LLC that provides market data, SEC filings, credit analysis, bond research, screener tools, and educational content. The Service is operated at www.oxfordledge.com.

2. Not Investment Advice

The data and content provided on Oxford Ledge are for informational and educational purposes only. Oxford Ledge is not a registered investment advisor, broker-dealer, or financial planner. Nothing on this platform constitutes a recommendation to buy, sell, or hold any security or financial instrument.

You are solely responsible for your own investment decisions. Always consult a qualified financial professional before making investment decisions. Past performance does not guarantee future results.

3. Data Sources & Accuracy

Market data, filings, and analytics are sourced from third-party providers including:

• Finnhub / FMP — stock quotes, historical prices, fundamentals
• SEC EDGAR — public company filings (10-K, 10-Q, 8-K, 13F, etc.)
• FINRA TRACE — corporate bond pricing and trade data
• Federal Reserve (FRED) — macroeconomic indicators and rates
• Finnhub — news, sentiment, insider transactions
• Financial Modeling Prep (FMP) — company profiles, earnings transcripts

Data may be delayed, incomplete, or inaccurate. Real-time quotes are not guaranteed. We make reasonable efforts to provide accurate data but offer no warranty of accuracy, completeness, or timeliness. Do not rely on this data as the sole basis for financial decisions.

4. User Accounts

• You must provide accurate information when creating an account.
• You are responsible for maintaining the confidentiality of your credentials.
• One account per person. Account sharing is prohibited.
• You must be at least 18 years old to create an account. If you are between 13 and 18, you may only use the Service with verifiable parental or legal guardian consent. Users under 13 are prohibited from using the Service.
• You are responsible for all activity that occurs under your account.

5. API Usage & Access

Programmatic access to Oxford Ledge data via API keys is subject to rate limits and fair-use policies. Specific limits are documented in your account dashboard.

• Automated scraping of the Service without an authorized API key is prohibited.
• API keys are personal and non-transferable.
• We reserve the right to revoke API access for abuse or excessive usage.

6. Metered Billing & Payments

Certain features of the Service use usage-based (metered) billing:

• Usage is tracked and billed according to the pricing tier displayed in your account.
• A safety cap is in place to protect against unexpected charges. You will be notified before exceeding your cap.
• Prepaid credits are subject to the refund policy in Section 7.
• We reserve the right to adjust pricing with 30 days advance notice.
• Failed payments may result in service suspension until the balance is resolved.

6a. Free Trial Terms

7-day free trial. New users may access premium features (Researcher tier) for a 7-day free trial period. No payment method is required to start the trial.

• No automatic charge. Unlike many services, Oxford Ledge does not automatically convert trials to paid subscriptions. You must explicitly subscribe to continue premium access after the trial.
• Post-trial behavior. After day 7, your account reverts to the Free tier unless you manually upgrade. Your data, portfolios, and watchlists are preserved.
• One trial per person. Trial access is limited to one per individual. Creating multiple accounts to extend trials is prohibited.
• Feature access during trial. Trial users receive the same feature set as paid Researcher tier subscribers, subject to fair-use rate limits.

7. Refund Policy

Subscription refunds. If you cancel a paid subscription within 14 days of your initial purchase, you are entitled to a pro-rated refund for the unused portion of your billing period. After 14 days, subscriptions are non-refundable and will remain active until the end of the current billing cycle.

Credit packs. Prepaid credit packs are non-refundable once any credits have been used. If you have not used any credits from a purchased pack, you may request a full refund within 30 days of the purchase date. Refund requests should be sent to oxfordledge@gmail.com with your account email and order reference.

Processing. Approved refunds will be processed to the original payment method within 5-10 business days.

8. Data Redistribution

Data obtained through Oxford Ledge is licensed for personal and internal use only. You may not redistribute, resell, republish, sublicense, or make available to third parties any data, datasets, or content obtained from the Service, whether in raw, aggregated, or derived form, without prior written permission from Oxford Ledge.

Permitted uses include:

• Personal research and analysis.
• Internal business use within your organization.
• Limited sharing in the context of research reports, presentations, or academic work, provided Oxford Ledge is cited as a source.

Prohibited uses include:

• Reselling or sublicensing data to third parties.
• Building competing products or services using Oxford Ledge data.
• Systematic downloading or bulk extraction of data for redistribution.
• Making data available via APIs, data feeds, or file-sharing services.

9. AI-Generated Content Disclaimer

Oxford Ledge incorporates artificial intelligence features that generate analysis, summaries, and suggestions. You acknowledge and agree to the following:

• Not professional advice. AI-generated outputs are not financial advice, investment advice, tax advice, or legal advice. The platform is not a registered investment adviser, broker-dealer, or financial planner.
• No guarantee of accuracy. AI outputs may contain errors, omissions, outdated information, or misinterpretations. Models may produce plausible-sounding but incorrect statements.
• User responsibility. You are solely responsible for any investment, financial, or business decisions you make. AI outputs should be treated as a starting point for research, not as a definitive source of truth.
• Verify with primary sources. Always cross-reference AI-generated content with primary sources including SEC filings (EDGAR), company earnings reports, audited financial statements, and other authoritative data.
• No fiduciary duty. Oxford Ledge does not owe you a fiduciary duty. No client-advisor relationship is created by your use of AI features.

10. Prohibited Uses

By accessing or using the services, website (www.oxfordledge.com), and data provided by Oxford Ledge LLC ("we," "our," or "the Company"), you agree that you will not use, nor permit any third party to use, the platform for any unlawful purpose or in any manner that violates these Terms. Specifically, you agree not to engage in any of the following prohibited activities:

• Automated Data Extraction and Scraping. Use any robot, spider, crawler, scraper, script, browser extension, or other automated means or interface not provided by us to access the platform, extract data, or gather financial information.
• Redistribution and Resale. Sell, resell, license, lease, rent, redistribute, publicly display, or otherwise commercially exploit the financial data, analytics, or content provided by Oxford Ledge LLC without our express prior written consent.
• Creation of Competing Services. Use our proprietary financial data, analytics, or methodologies to develop, train, or operate a competing service, software, or financial data platform.
• Machine Learning and AI Training. Use any data, content, analytics, or AI-generated outputs from Oxford Ledge to train, fine-tune, calibrate, validate, or benchmark any machine learning model, artificial intelligence system, or large language model, whether for commercial or non-commercial purposes, without our express prior written consent. Access via API, SDK, or MCP does not constitute consent for model training.
• Reverse Engineering. Decompile, reverse engineer, disassemble, or attempt to derive the source code, underlying ideas, algorithms, or structure of the website, its APIs, or any related software.
• Bypassing Security and Access Controls. Attempt to circumvent, disable, or interfere with security-related features of the platform, including bypassing paywalls, masking your IP address, sharing account credentials, or exceeding any authorized rate limits or access quotas.
• Account Misuse. Share login credentials, API keys, or session tokens with unauthorized individuals or entities; create multiple accounts to circumvent usage limits or trial restrictions; or use a single account, API key, or subscription to serve multiple end users, organizations, or automated agents beyond authorized limits.
• Interference and Disruption. Introduce viruses, malware, trojans, or any other malicious code, or engage in any activity that imposes an unreasonable or disproportionately large load on our infrastructure.
• Unlawful Financial Activities. Use the data provided by Oxford Ledge LLC to facilitate or engage in market manipulation, insider trading, fraud, or any other activity that violates local, state, national, or international securities laws and regulations.
• Misrepresentation. Present Oxford Ledge data, analytics, AI outputs, or educational content as your own original research or proprietary analysis; represent yourself as affiliated with, endorsed by, or acting on behalf of Oxford Ledge LLC; or use Oxford Ledge branding, logos, or trademarks without written authorization.
• Unauthorized API Access. Access or attempt to access APIs, SDK methods, or MCP tools beyond the scope and rate limits of your active subscription tier; use free-tier or trial credentials for commercial redistribution or production systems serving end users; or circumvent usage metering, rate limiting, or tier restrictions by any means.
• Investment Reliance. Rely on Oxford Ledge data, analytics, or AI-generated outputs as the sole or primary basis for executing securities transactions. All information is provided for educational and informational purposes only, may contain delays, errors, or omissions, and does not constitute investment advice, a recommendation, or a solicitation. Users bear sole responsibility for independently verifying information and consulting qualified financial professionals before making investment decisions.

Oxford Ledge LLC reserves the right, at our sole discretion, to investigate and take appropriate legal or technical action against anyone who violates this provision, including without limitation, terminating or suspending your account, blocking your IP address, and reporting you to law enforcement or regulatory authorities.

If any provision of this section is held to be unenforceable, the remaining provisions shall continue in full force and effect. Our failure to enforce any provision shall not constitute a waiver of that provision.

10a. Reader-Submitted Content & Our Role as Host

Certain features of the Service let you publish your own content — for example, a reading note you choose to make public at www.oxfordledge.com/reading-list/<slug>/notes/<your-username>. Content you or any other user submits and chooses to publish is "Reader-Submitted Content." This section explains who is responsible for it and what role Oxford Ledge plays.

• You are responsible for what you publish. Reader-Submitted Content reflects the views of the individual who posted it, not the views, endorsement, verification, or editorial judgment of Oxford Ledge. You are solely responsible for any content you publish and for ensuring you have the right to publish it. You represent that your content does not infringe any third party's intellectual-property, privacy, or other rights, is not defamatory or unlawful, and does not constitute investment advice or a securities recommendation.
• You keep ownership; you grant us a license to display it. You retain all ownership rights in the content you submit. By choosing to publish a note, you grant Oxford Ledge LLC a worldwide, non-exclusive, royalty-free, sublicensable license to host, store, reproduce, display, and distribute that content for the purpose of operating, displaying, and promoting the Service — including in search-engine results and social-media previews of the public note page. This license ends when you delete the content or set the note back to private, except for (i) copies retained in routine backups for a limited period and (ii) cached or archived copies held by third parties (such as search engines or AI crawlers) that are outside our control.
• We do not pre-screen Reader-Submitted Content. Oxford Ledge does not review, moderate, edit, or approve Reader-Submitted Content before it is published. We are under no obligation to monitor it. Publication is automatic upon your opt-in; the content is not curated, ranked, or editorially selected by us.
• United States — interactive computer service (CDA § 230). Oxford Ledge is an "interactive computer service" as defined in 47 U.S.C. § 230. Consistent with 47 U.S.C. § 230(c)(1), Oxford Ledge is not the publisher or speaker of any Reader-Submitted Content provided by another information content provider, and nothing in these Terms shall be construed to treat us as such. Consistent with 47 U.S.C. § 230(c)(2), any action we take in good faith to restrict access to or remove content we consider objectionable does not waive or limit this status.
• European Union — hosting-service liability exemption (Digital Services Act). To the extent the EU Digital Services Act (Regulation (EU) 2022/2065, the "DSA") applies, Oxford Ledge acts as a provider of a "hosting" service with respect to Reader-Submitted Content within the meaning of Article 6 of the DSA. We do not have actual knowledge of illegal content stored at a user's request, and upon obtaining such knowledge or awareness we will act expeditiously to remove or disable access to it. We do not initiate the transmission of Reader-Submitted Content, do not select its receiver, and do not select or modify the information it contains.
• Notice and action — reporting content (DSA Article 16). Every public note page carries a "Report this note" link. Use it to notify us of content you believe is illegal, defamatory, infringing, or otherwise in breach of these Terms. A valid notice should identify the specific URL, explain why you believe the content is unlawful or violating, and provide a way to contact you. You may also contact us at oxfordledge@gmail.com with the subject line "Content Report." We aim to acknowledge valid notices within 24 hours and to resolve them within 7 days. Acting on a valid notice — including removing content, disabling a public URL, or terminating an account — does not make Oxford Ledge the publisher of, or otherwise liable for, the content, and does not waive our status under 47 U.S.C. § 230 or DSA Article 6.
• Removal and our discretion. We may remove, disable, or restrict access to any Reader-Submitted Content, with or without notice, if we reasonably believe it violates these Terms or applicable law, or in response to a valid notice. We may also preserve content and account records where required to comply with a legal obligation or to protect the rights, safety, or property of Oxford Ledge, our users, or the public. Our retention of records for these purposes is addressed in our Privacy Policy.

This Section 10a does not limit Section 2 ("Not Investment Advice") or Section 9 ("AI-Generated Content Disclaimer"), which continue to apply to all content on the Service. If any provision of this Section 10a is held unenforceable, the remaining provisions shall continue in full force and effect.

11. Termination

We may suspend or terminate your account at any time for:

• Violation of these Terms of Service.
• Non-payment of metered usage charges.
• Abusive behavior, including excessive API usage or scraping.
• Any conduct that threatens the integrity of the Service.

You may delete your account at any time by contacting support or using the account settings page.

12. Limitation of Liability

To the maximum extent permitted by law, Oxford Ledge and its operators shall not be liable for:

• Trading losses or financial damages resulting from use of the Service.
• Inaccuracies, delays, or omissions in data provided.
• Service interruptions, downtime, or data loss.
• Actions taken based on information obtained from the Service.

The Service is provided "as is" without warranties of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.

13. Indemnification

You agree to indemnify and hold harmless Oxford Ledge, its operators, and affiliates from any claims, damages, or expenses arising from your use of the Service or violation of these Terms.

14. Changes to These Terms

We may update these Terms of Service from time to time. Material changes will be communicated with at least 30 days notice via email or a prominent notice on the Service. Continued use after the effective date constitutes acceptance of the updated terms.

15. Dispute Resolution & Arbitration

Please read this section carefully. It affects your legal rights, including your right to file a lawsuit in court.

15.1 Informal Resolution Period. Before initiating any formal dispute resolution proceeding, you agree to first contact us at oxfordledge@gmail.com and attempt to resolve the dispute informally for at least 30 days from the date of your written notice. Your notice must include your name, account email, a description of the dispute, and the specific relief you seek. If the dispute is not resolved within this 30-day period, either party may proceed to binding arbitration as described below.

15.2 Binding Arbitration. Any dispute, claim, or controversy arising out of or relating to these Terms or the Service — including the determination of the scope or applicability of this agreement to arbitrate — shall be determined by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules and, where applicable, the Supplementary Procedures for Consumer-Related Disputes. The arbitration shall be conducted by a single arbitrator. The arbitration shall be held in New York, New York, or at another mutually agreed location, or via videoconference if both parties consent. The arbitrator shall apply New York law consistent with the Federal Arbitration Act and applicable statutes of limitations and shall honor claims of privilege recognized by law. The arbitrator's decision shall be final and binding, and judgment on the award rendered may be entered in any court having jurisdiction thereof.

15.3 Small Claims Court Exception. Notwithstanding the above, either party may bring an individual action in small claims court for disputes within the jurisdictional limits of such court, provided the action remains in small claims court and is not removed or transferred to a court of general jurisdiction.

15.4 Class Action and Jury Trial Waiver. You and Oxford Ledge each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated, or representative action. You agree to waive any right to a jury trial or to participate in a class action, collective action, private attorney general action, or other representative proceeding of any kind. If for any reason a claim proceeds in court rather than in arbitration, both parties waive any right to a jury trial.

15.5 Opt-Out Provision. You may opt out of this arbitration agreement within 30 days of creating your account by sending a written notice to oxfordledge@gmail.com with the subject line "Arbitration Opt-Out." Your notice must include your full name, account email address, and a clear statement that you wish to opt out of the arbitration clause. If you opt out, the remaining provisions of these Terms will continue to apply. Opting out of arbitration will not affect any other rights or obligations under these Terms.

15.6 Severability. If any portion of this arbitration section is found to be unenforceable, the remaining provisions shall remain in full force and effect. If the class action waiver in Section 15.4 is found to be unenforceable with respect to a particular claim, then the entirety of this arbitration section shall be deemed void with respect to that claim only, and the parties agree that any such claim shall be adjudicated in the courts of the State of New York.

16. Governing Law

These Terms are governed by the laws of the State of New York, United States, without regard to conflict of law principles. Any legal action not subject to arbitration shall be brought exclusively in the state or federal courts located in New York, New York, and you consent to the personal jurisdiction of such courts.

17. Contact

For questions about these Terms, contact us at oxfordledge@gmail.com.