Which regulatory agencies enforce this type of clause?

{'agency': 'SEC', 'reason': 'The SEC regulates investment risk disclosures and performance representations by registered investment advisers and broker-dealers under the Investment Advisers Act and FINRA rules.', 'complaint_url': 'https://www.sec.gov/tcr'}

What is the severity of this clause?

ConductAtlas classifies this Investment Risk Disclaimer — No Guaranteed Returns clause as low severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Investment Risk Disclaimer — No Guaranteed Returns — Acorns

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What it is

Acorns explicitly states that investing through their platform can lose you money, and they make no promise about returns or performance.

Consumer impact (what this means for users)

All investment risk is borne solely by you as the user — Acorns takes no responsibility for losses, and this disclaimer may limit your ability to claim damages from investment losses in any arbitration or legal proceeding.

Cross-platform context

See how other platforms handle Investment Risk Disclaimer — No Guaranteed Returns and similar clauses.

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Why it matters (compliance & risk perspective)

This disclaimer is standard for investment platforms and confirms that Acorns bears no liability if your investments lose value — all market risk is borne by the user.

View original clause language

INVESTING INVOLVES RISK. THE VALUE OF AN INVESTMENT WILL FLUCTUATE AND CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ACORNS DOES NOT GUARANTEE THAT YOU WILL ACHIEVE A PARTICULAR LEVEL OF PERFORMANCE OR THAT YOU WILL NOT LOSE THE MONEY YOU INVEST.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: Investment risk disclaimers are required under SEC and FINRA regulations for registered investment advisers (Investment Advisers Act of 1940, Rule 206(4)-1 advertising rules) and broker-dealers (FINRA Rule 2210 on communications with the public). The SEC's Regulation Best Interest (Reg BI, 17 C.F.R. § 240.15l-1) requires broker-dealers to act in customers' best interests, which may interact with a broad risk disclaimer that disclaims all performance responsibility. (2)

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Applicable agencies

SEC

The SEC regulates investment risk disclosures and performance representations by registered investment advisers and broker-dealers under the Investment Advisers Act and FINRA rules.
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Provision details

Document information

Document

Acorns Terms of Service

Entity

Acorns

Document last updated

April 29, 2026

Tracking information

First tracked

April 18, 2026

Last verified

April 18, 2026

Record ID

CA-P-002887

Document ID

CA-D-00171

Evidence Provenance

Source URL

https://www.acorns.com/terms/

Wayback Machine

View archived versions →

SHA-256

3556a6294c711a9f21e9724c15204e0cd4633d587f15678cae73f7e8ac9a9bb4

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Acorns | Document: Acorns Terms of Service | Record: CA-P-002887
Captured: 2026-04-18 10:31:41 UTC | SHA-256: 3556a6294c711a9f…
URL: https://conductatlas.com/platform/acorns/acorns-terms-of-service/investment-risk-disclaimer-no-guaranteed-returns/
Accessed: May 2, 2026

Classification

Severity

Low

Investment Risk Disclaimer — No Guaranteed Returns