You are not permitted to use Claude's responses as the basis for making investment decisions or as financial advice. Anthropic is not a licensed financial advisor or broker and explicitly disclaims that role.
This analysis describes what Anthropic's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Relying on Claude for investment decisions or financial advice is expressly prohibited and would be at your own risk, with no legal recourse against Anthropic for resulting financial losses.
Users who rely on Claude for investment or financial advice do so in violation of these terms, which means they also waive any claim against Anthropic for losses resulting from that reliance. This prohibition applies to securities, commodities, derivatives, and other financial products.
How other platforms handle this
You may not use Runway's tools to create content that promotes, glorifies, or facilitates acts of terrorism, mass violence, or genocide, or that could be used to provide material support to individuals or organizations engaged in such activities.
Customer will not, and will not permit any other person (including any End User) to: ... (d) attempt to reverse engineer, decompile, or otherwise attempt to discover the source code or underlying components (e.g., algorithms, weights, or systems) of the Mistral AI Products, including using the Outpu...
You may not use the Services to attempt to circumvent, disable, or otherwise interfere with safety-related features of the Services, including features that prevent or restrict the generation of certain types of content.
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"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.— Excerpt from Anthropic's Anthropic API Terms
REGULATORY LANDSCAPE: This provision reflects the regulatory reality that investment advice requires registration with the SEC as a registered investment adviser or with FINRA as a broker-dealer. Providing unregistered investment advice is prohibited under the Investment Advisers Act of 1940. The prohibition also engages CFTC jurisdiction over commodity and derivatives advice. Including this clause protects Anthropic from claims of operating as an unregistered adviser, but does not fully protect users who may receive and act on output that functions as financial advice in practice. GOVERNANCE EXPOSURE: Medium. The express prohibition on financial advice reliance is a standard and important disclaimer for AI providers, but the practical enforceability depends on whether outputs actually constitute investment advice under applicable securities law, which is a fact-specific determination. Regulators may look at the outputs themselves, not just the contractual disclaimer, to determine whether advice is being provided. JURISDICTION FLAGS: US federal securities law and CFTC jurisdiction are primary. State securities laws may impose additional registration and disclosure requirements. EU MiFID II regulations impose similar requirements on investment advice providers. The disclaimer may not be sufficient if Claude's outputs in practice provide specific, individualized investment recommendations. CONTRACT AND VENDOR IMPLICATIONS: Fintech companies or financial institutions considering integration of Claude should conduct independent legal analysis of whether their specific use cases could constitute investment advice under applicable law, as the contractual prohibition does not resolve the underlying regulatory question. Vendor contracts should not represent Claude as a compliant financial advice tool. COMPLIANCE CONSIDERATIONS: Legal and compliance teams at financial services firms should evaluate whether any proposed Claude integration involves outputs that could be characterized as investment advice, and if so, seek regulatory guidance before deployment. The prohibition should be disclosed to end users in any financial services context where Claude is integrated.
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Relying on Claude for investment decisions or financial advice is expressly prohibited and would be at your own risk, with no legal recourse against Anthropic for resulting financial losses.
Users who rely on Claude for investment or financial advice do so in violation of these terms, which means they also waive any claim against Anthropic for losses resulting from that reliance. This prohibition applies to securities, commodities, derivatives, and other financial products.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Anthropic.