Anthropic Claude · Claude.ai Terms of Service

Prohibition on Securities and Financial Advice Reliance

Medium severity
Share 𝕏 Share in Share

What it is

To rely upon the Services, the Materials, or the Actions to buy or sell securities or to provide or receive advice about securities, commodities, derivatives, or other financial products or services, as Anthropic is not a broker-dealer or a registered investment adviser under the securities laws of the United States or any other jurisdiction.

Why it matters

This clause protects Anthropic from securities law liability but also means you have no recourse against Anthropic if Claude provides flawed investment-related information that causes you financial loss.

Consumer impact

Anthropic's Consumer Terms permit the company to use your conversations, inputs, and outputs to train AI models by default, with a limited opt-out that does not apply when you provide feedback or when your content is flagged for safety review. Subscriptions auto-renew and fees are non-refundable upon cancellation, meaning you could be charged for a full billing period even if you cancel. You can opt out of conversation data being used for model training by navigating to your Claude.ai account settings and disabling the training opt-out toggle.

Applicable agencies

  • SEC
    The SEC has jurisdiction over unregistered investment advisory activity and AI-generated investment recommendations that may constitute regulated advice under the Investment Advisers Act of 1940.
    File a complaint →

Provision details

Document information
Document
Claude.ai Terms of Service
Entity
Anthropic Claude
Document last updated
March 24, 2026
Tracking information
First tracked
March 6, 2026
Last verified
April 4, 2026
Record ID
CA-P-002121
Document ID
CA-D-00011
Evidence Provenance
Source URL
Wayback Machine
SHA-256
e757437a9d05ea816b5c1cddd3974f9a2ff93619333e14be4d368d9698b1e93f
Verified
✓ Snapshot stored   ✓ Change verified
How to Cite
ConductAtlas Policy Archive
Entity: Anthropic Claude | Document: Claude.ai Terms of Service | Record: CA-P-002121
Captured: 2026-03-06 19:30:31 UTC | SHA-256: e757437a9d05ea81…
URL: https://conductatlas.com/platform/anthropic-claude/claudeai-terms-of-service/prohibition-on-securities-and-financial-advice-reliance/
Accessed: April 4, 2026
Classification
Severity
Medium
Categories

Other provisions in this document