Form 144 FiscalNote Holdings For: 4 September

Fusion Media's standard risk disclosure emphasizes the high volatility and significant loss potential inherent in trading financial instruments and cryptocurrencies, particularly on margin. It explicitly states that its market data is not guaranteed to be real-time or accurate, is indicative only, and not suitable for direct trading purposes. The disclosure further disclaims all liability for investment decisions or losses incurred from reliance on this information, urging investors to fully understand associated risks and seek professional advice.

Analysis

The provided text is a standard legal risk disclosure from Fusion Media and does not represent a market-moving event, as indicated by its zero market impact score. The document's primary purpose is to outline the inherent high risks of trading financial instruments, with a specific emphasis on the extreme volatility of cryptocurrencies and the amplified financial risk from trading on margin. Critically for institutional users, the disclosure explicitly states that the data provided on its platform is not necessarily real-time nor accurate, is indicative in nature, and is not appropriate for direct trading purposes. This disclaimer regarding data integrity, combined with a full waiver of liability for any trading losses, underscores that the platform's information should be treated as a secondary or reference source. The strongly negative sentiment score of -0.75 accurately reflects the cautious and risk-focused language, which serves to legally protect the data provider.

Key Decisions for Investors

• Quantitative and systematic funds must not use Fusion Media's data feed for direct trade execution or to power latency-sensitive algorithms, given the explicit disclaimer on data accuracy and timeliness; all signals should be verified with a primary market data source.
• Portfolio managers should use this disclosure as a reminder to rigorously assess the risk parameters within their models, particularly concerning exposure to cryptocurrencies and the use of leverage, which are highlighted as sources of significant potential loss.
• Legal and compliance teams should note Fusion Media's disclaimer of liability and intellectual property restrictions, ensuring that any use of the data for analysis or modeling is compliant with the provider's terms of service to avoid potential legal entanglements.