Investment Disclaimer

SecondStock, operated by LooX Commerce Europa SL, is a private platform that serves as a meeting point between privately held, growing companies seeking capital and investors interested in purchasing private shares. SecondStock is not associated with, endorsed by, registered in, or supervised by any public investment system, securities exchange, financial regulator, or governmental authority worldwide, including but not limited to the SEC, FINRA, FCA, BaFin, CNMV, ESMA, or any equivalent body.

1. Platform Role

SecondStock acts solely as a digital connection point that facilitates the interaction between private companies and investors. We are not a broker-dealer, investment adviser, exchange, custodian, or regulated financial institution. We do not execute trades on any regulated market, hold client funds as a custodian, or provide personalized investment advice. All transactions facilitated through the platform take place directly between the parties.

2. No Registration or Supervision

SecondStock is not registered or licensed as a financial services provider, securities exchange, or trading platform under the laws of any jurisdiction. The platform does not operate within any regulated investment system and is not subject to the supervision of any financial regulatory authority. Users acknowledge that the protections afforded by regulated markets — such as investor compensation schemes, regulatory oversight, or mandatory disclosures required of licensed entities — do not apply to transactions conducted on this platform.

3. No Investment Advice

Any information provided on SecondStock, including company profiles, valuations, share prices, and performance data, is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell securities. You should perform your own due diligence and consult a qualified, independent financial adviser before making any investment decision.

4. No Guarantee of Results

SecondStock does not guarantee any investment outcome, return, dividend, or profit. Share prices are set by the listing companies and may fluctuate. Past performance, projections, and any data shown on the platform are not indicative of future results. The value of private shares can go down as well as up.

5. No Responsibility for Losses

To the maximum extent permitted by applicable law, SecondStock and LooX Commerce Europa SL are not responsible for any monetary loss, capital loss, or any other damages — direct, indirect, incidental, or consequential — that may arise from your use of the platform or from any investment decision you make. All investment decisions are made by you at your own discretion and at your own risk. You are solely responsible for evaluating the risks of each opportunity.

6. Illiquidity of Private Shares

Shares of private, growing companies are generally illiquid. There may be no active secondary market, and you may be unable to sell your shares when you wish or at the price you expect. Private company investments may result in the total loss of the capital invested.

7. Company-Provided Information

Information about companies listed on the platform is provided by those companies themselves. SecondStock does not independently audit or verify all company-provided data and is not liable for any inaccuracy, omission, or misrepresentation in such information.

8. Acceptance

By using SecondStock, you acknowledge that you have read and understood this disclaimer, that you are aware of the risks involved in private investments, and that you accept full responsibility for your investment decisions and any resulting outcomes.

For questions about this disclaimer, contact our support team through the in-app ticket system.