You are expressly prohibited from using Claude to make investment decisions or to give or receive financial advice about stocks, bonds, derivatives, or other financial products.
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
The provision establishes a limitation on the permissible use cases for the service by excluding financial advisory and securities trading functions. This framing clarifies Anthropic's regulatory status and defines the scope of activities for which the service is not designed or licensed.
If you use Claude to help make investment decisions and lose money as a result, Anthropic bears no legal responsibility and you have no recourse against them — this is a deliberate liability limitation covering a common consumer use case.
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relate to transactions involving (f) the promotion of hate, violence, racial or other forms of intolerance that is discriminatory or the financial exploitation of a crime... (i) involve offering or receiving payments for the purpose of bribery or corruption.
You may not automatedly crawl or query the Services for any purpose or by any means (including, without limitation, screen and database scraping, spiders, robots, crawlers and any other automated activity with the purpose of obtaining information from the Services) unless you have received prior exp...
You must not, and must not allow others to: Facilitate illegal or harmful activity through the End User Services; Cause harm to us or others through the End User Services;
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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 Claude.ai Terms of Service
(1) REGULATORY FRAMEWORK: This provision engages the Investment Advisers Act of 1940 (15 U.S.C. §80b-1 et seq.), the Securities Exchange Act of 1934, and FINRA rules governing broker-dealer conduct. SEC guidance on AI and automated investment advice (robo-advisers) is increasingly relevant. The Commodity Exchange Act (7 U.S.C. §1 et seq.) applies to commodities and derivatives references. State blue sky laws may impose additional requirements. The FTC Act Section 5 applies if financial advice disclaimers are found to be deceptively incomplete. (2)
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The provision establishes a limitation on the permissible use cases for the service by excluding financial advisory and securities trading functions. This framing clarifies Anthropic's regulatory status and defines the scope of activities for which the service is not designed or licensed.
If you use Claude to help make investment decisions and lose money as a result, Anthropic bears no legal responsibility and you have no recourse against them — this is a deliberate liability limitation covering a common consumer use case.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Anthropic.