Risk Disclosure

Last updated: March 6, 2026

1. Market Risk

Securities markets are inherently volatile. The value of any security can increase or decrease at any time, and you may lose some or all of your invested capital. Past performance of any security, index, or sector does not guarantee future results. Market conditions can change rapidly due to economic events, geopolitical developments, regulatory changes, or other factors beyond anyone's control.

2. Data Interpretation Risk

Insider trade data and institutional holdings data require careful contextual analysis. Isolated data points can be misleading and may lead to incorrect conclusions. For example:

  • A single insider sale does not necessarily indicate negative sentiment about a company's prospects.
  • Institutional position changes may reflect portfolio rebalancing rather than a directional view.
  • Aggregate data may mask important nuances in individual transactions.
  • Filing delays may create a lag between the actual transaction and the data available on the Service.

Users should consider multiple data sources and perspectives before drawing conclusions from any single piece of filing data.

3. Scoring Limitations

FilingIQ's algorithmic scores are statistical models based on historical data patterns. They are not crystal balls and do not predict future price movements. Specifically:

  • Scores reflect statistical interpretations of filing data, not predictions.
  • High scores do not guarantee favorable outcomes, and low scores do not guarantee unfavorable outcomes.
  • Scoring models are based on historical correlations that may not persist in the future.
  • Models may not account for all relevant factors affecting a security's price.
  • Model performance may vary across different market conditions, sectors, and time periods.

4. Past Performance

Historical scoring accuracy, backtesting results, and past performance metrics do not guarantee future results. Markets evolve, and patterns that existed in the past may not continue. Any historical performance data presented on the Service should be viewed as illustrative rather than predictive.

5. Timing Risk

SEC filings are subject to regulatory reporting deadlines, which means there is always a delay between when a transaction occurs and when it is reported. As a result:

  • Form 4 insider trade reports must generally be filed within two business days, but late filings are common.
  • 13F institutional holdings are reported quarterly with a 45-day filing window, meaning data may be up to 135 days old.
  • By the time filing data is available, market conditions may have changed significantly.

Data presented on the Service may not reflect the current positions or intentions of insiders or institutional investors.

6. Insider Trading Complexity

Corporate insiders buy and sell securities for many reasons, and a transaction alone does not necessarily signal conviction about a company's future performance. Common reasons for insider trades include:

  • Tax planning and optimization
  • Portfolio diversification
  • Estate and financial planning
  • Pre-arranged trading plans (10b5-1 plans)
  • Stock option exercises and equity compensation management
  • Personal liquidity needs

Not all insider trades carry the same informational value. Users should exercise caution in interpreting any single insider transaction.

7. Regulatory Risk

SEC filing requirements, reporting formats, and data availability are subject to change based on regulatory actions. FilingIQ cannot guarantee that:

  • The SEC will continue to make filing data available in its current format.
  • Reporting requirements will not be modified or expanded.
  • Historical data will remain accessible through SEC EDGAR.

Changes in SEC regulations or EDGAR infrastructure could affect the availability, timeliness, or completeness of data presented on the Service.

8. Professional Advice

FilingIQ strongly recommends that you always consult with licensed financial professionals before making any investment decision. A qualified financial advisor can provide personalized guidance based on your individual financial situation, goals, risk tolerance, and investment horizon.

The information provided by FilingIQ is not a substitute for professional financial advice, and reliance on the Service alone for investment decisions is done at your own risk.

If you have any questions about this Risk Disclosure, please contact us at legal@filingiq.io.