You are not allowed to use Claude as a basis for making investment decisions or to give or receive financial advice about securities, commodities, or derivatives.
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
This prohibition means users who rely on Claude for investment decisions do so outside the terms of service and without any regulatory protections that would apply to licensed financial advisers.
Using Claude to guide investment decisions or as a source of financial advice about securities is explicitly prohibited, and any such reliance is at the user's own risk with no recourse against Anthropic.
How other platforms handle this
You may not use the Venmo services for any illegal purpose, to send money to any person or organization on a government sanctions list, for gambling, for purchasing or selling illegal goods or services, or for any activity that violates applicable law. You may not use Venmo for commercial transactio...
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...
By using the Services or creating an account, you represent, warrant and agree that: You are not an insurance company or an employer; and You will not use the Services for any investigative forensic genealogy uses.
Monitoring
Anthropic has changed this document before.
Receive same-day alerts, structured change summaries, and monitoring for up to 10 platforms.
"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 Claude.ai Terms of Service
REGULATORY LANDSCAPE: This provision directly engages SEC jurisdiction over investment adviser registration requirements and broker-dealer regulations. By prohibiting use for securities advice and explicitly disclaiming broker-dealer and investment adviser status, Anthropic attempts to establish that the service does not constitute regulated financial advice. FINRA and relevant state securities regulators may also be implicated depending on the nature of use. FTC authority over misleading financial product representations is also relevant. GOVERNANCE EXPOSURE: Medium. The prohibition is a standard compliance measure for AI services that could be used in financial contexts. The practical enforceability of a use prohibition depends on user awareness and compliance, but the provision serves primarily as a liability limitation and regulatory compliance signal rather than a technical control. JURISDICTION FLAGS: Non-US users should note that similar regulatory restrictions apply in EU (MiFID II), UK (FCA regulated activity), and other jurisdictions. The provision references US securities laws specifically but notes 'or any other jurisdiction,' suggesting intended global application of the prohibition. CONTRACT AND VENDOR IMPLICATIONS: Financial services firms evaluating Claude for internal use should assess whether employee use for investment research, client advice preparation, or trading decisions creates regulatory compliance issues that go beyond what this contractual prohibition addresses. COMPLIANCE CONSIDERATIONS: Financial services organizations deploying Claude in any capacity should conduct regulatory analysis of whether use cases intersect with regulated investment adviser or broker-dealer activities, and should not rely solely on this contractual prohibition as a substitute for that analysis.
Full compliance analysis
Regulatory citations, enforcement risk, and due diligence action items.
Free: track 1 platform + weekly digest. Watcher: 10 platforms + same-day alerts. No credit card required.
Professional Governance Intelligence
Need to monitor specific governance provisions?
Professional includes provision-level monitoring, governance timelines, regulatory mapping, and audit-ready analysis.
Built from archived source documents, structured governance mappings, and historical version tracking.
This prohibition means users who rely on Claude for investment decisions do so outside the terms of service and without any regulatory protections that would apply to licensed financial advisers.
Using Claude to guide investment decisions or as a source of financial advice about securities is explicitly prohibited, and any such reliance is at the user's own risk with no recourse against Anthropic.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Anthropic.