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This provision defines the risk allocation framework for margin trading accounts by explicitly disclaiming Public's liability for trading losses and establishing that users bear sole responsibility for account performance. This structure affects how disputes regarding margin trading outcomes would be addressed under the service terms.
Users who engage in margin trading operate under terms that assign full responsibility for losses to the account holder, regardless of magnitude. The terms authorize Public to offer margin trading while excluding the platform from liability obligations related to trading results or market movements.
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To the maximum extent permitted by applicable law, Kit shall not be liable for any indirect, incidental, special, consequential or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting ...
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"Margin trading involves significant risk of loss and is not appropriate for all investors. You may lose more than your initial investment. Public does not guarantee profits or protection from losses in margin accounts. You are solely responsible for any losses incurred in connection with margin trading, and Public shall not be liable for any such losses.— Excerpt from Public.com's Public.com Terms of Service
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This provision defines the risk allocation framework for margin trading accounts by explicitly disclaiming Public's liability for trading losses and establishing that users bear sole responsibility for account performance. This structure affects how disputes regarding margin trading outcomes would be addressed under the service terms.
Users who engage in margin trading operate under terms that assign full responsibility for losses to the account holder, regardless of magnitude. The terms authorize Public to offer margin trading while excluding the platform from liability obligations related to trading results or market movements.
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