Last updated: May 2026
By using The Crest Ledger you agree to these Terms. Read them once before subscribing, alongside the disclaimer and privacy policy.
By accessing or using The Crest Ledger website, the associated Discord server, the email digest, or any other product offered under the brand (collectively, the "Service"), you agree to these Terms of Service ("Terms"). If you do not agree, do not use the Service.
These Terms form a binding contract between you and the operator of The Crest Ledger (the "Operator"). If you are using the Service on behalf of an organization, you represent that you have authority to bind that organization to these Terms.
The Service is an automated, impersonal market-commentary publication. Subscribers receive scheduled newsletter-style content covering equity market conditions, model-generated conviction scores, and discussion of public-market securities. Every subscriber receives the same content on the same schedule.
Nothing in the Service is investment advice or a recommendation tailored to any individual's circumstances. The Service's full disclaimer, risk disclosures, and methodology notes are published at /legal and incorporated into these Terms by reference. You should read /legal in full before subscribing.
Access to certain features requires signing in with an email address. Sign-in is via single-use magic link; the Operator does not store passwords. You are responsible for keeping access to your email account secure, for any activity occurring under your session, and for promptly notifying the Operator of any unauthorized use.
One account per person. You may not share access, resell access, transfer your account to another person, or operate accounts on behalf of multiple individuals from a single subscription. The Operator may suspend or terminate any account at its discretion for any violation of these Terms.
The Service offers a free tier and one or more paid subscription tiers. Current pricing and tier benefits are listed at /pricing and may change with notice. Paid subscriptions are billed on a recurring monthly basis through Stripe, our third-party payment processor. By starting a paid subscription, you authorize the Operator (via Stripe) to charge your designated payment method on each billing cycle until you cancel.
You may cancel a paid subscription at any time from your /profile page or via Stripe's customer portal. Cancellation stops future renewals; you retain access to paid features through the end of the current billing period. The Operator does not provide automatic prorated refunds for partial periods. Refund requests outside the standard cancellation flow are handled at the Operator's discretion.
If a charge fails and the failure is not resolved within a reasonable grace period, the Operator may downgrade the account to the free tier. The Operator may change subscription pricing on at least 30 days' notice by email; continued use of the paid tier after the change date constitutes acceptance of the new pricing.
You agree not to: (a) scrape, mirror, or systematically extract content from the Service except as expressly permitted; (b) republish, redistribute, or resell paid content to non-subscribers; (c) reverse-engineer, decompile, or attempt to derive the source code of the bot, its scoring model, or its prompts; (d) use the Service to harass, defame, or harm other subscribers or third parties; (e) post unlawful, infringing, or discriminatory content in the Discord server or any other Service surface; (f) use automated agents to interact with the Service except where explicitly documented; or (g) attempt to bypass any rate limit, tier gate, authentication, or other technical control.
The Operator may remove content, restrict features, or suspend accounts that violate this section without notice or refund.
The Operator owns all content published through the Service, including the website, the Discord server's scheduled posts, conviction scores, opinion writeups, the morning brief, embed graphics, and the underlying code, prompts, and methodology. While your subscription is active and in good standing, the Operator grants you a limited, personal, non-transferable, non-exclusive, revocable license to access and view the content for your own use.
The license does not permit you to redistribute, publish, sell, or otherwise exploit the content. The name "The Crest Ledger," any associated logos, and any other Operator marks are reserved; nothing in these Terms grants any trademark license. Open-source components, where used, retain their respective licenses.
If you submit content to the Service — for example, an opinion request, a feedback message, an alert rule, or a Discord message in a channel the Operator monitors — you grant the Operator a non-exclusive, royalty-free, worldwide license to use, reproduce, and create derivative works from that content for the purpose of operating, improving, and marketing the Service. You retain ownership of your content and may request deletion of identifying information by contacting the Operator.
You represent that any content you submit is your own or that you have the necessary rights to submit it, and that submitting it does not violate any law or infringe any third-party right.
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, RELIABILITY, OR NON-INFRINGEMENT. THE OPERATOR DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR THAT ANY INFORMATION PUBLISHED THROUGH THE SERVICE IS ACCURATE OR COMPLETE.
Without limiting the foregoing, the Service incorporates third-party data feeds (including FinViz Elite, yfinance, and Anthropic's API) that may be delayed, inaccurate, or unavailable. The Service's full disclaimer is published at /legal and incorporated into these Terms by reference.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE OPERATOR'S TOTAL CUMULATIVE LIABILITY ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE, WHETHER IN CONTRACT, TORT, OR ANY OTHER THEORY, WILL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID THE OPERATOR FOR THE SERVICE IN THE TWELVE MONTHS PRECEDING THE CLAIM OR (B) ONE HUNDRED U.S. DOLLARS.
IN NO EVENT WILL THE OPERATOR BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION LOST PROFITS, LOST TRADING GAINS, LOST DATA, OR LOSS OF GOODWILL, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN DAMAGES; IN THOSE JURISDICTIONS THE OPERATOR'S LIABILITY IS LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.
You acknowledge that the limitations in this section are an essential basis of the bargain between you and the Operator and that the Service would not be offered at its current price without them.
You agree to defend, indemnify, and hold harmless the Operator from any claim, demand, loss, or expense (including reasonable attorneys' fees) arising out of (a) your use of the Service in violation of these Terms, (b) any content you submit to the Service, or (c) your violation of any law or third-party right. The Operator reserves the right, at its own expense, to assume exclusive defense and control of any matter otherwise subject to indemnification by you.
Any dispute, claim, or controversy arising out of or relating to these Terms or the Service, except for small-claims-court matters within that court's jurisdictional limit, will be resolved by binding individual arbitration administered by the American Arbitration Association under its then-current Consumer Arbitration Rules. The arbitration will be conducted in [the state in which the operator's LLC is formed] or, at your election, by remote videoconference.
YOU AND THE OPERATOR EACH WAIVE THE RIGHT TO A JURY TRIAL AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE PROCEEDING. ALL DISPUTES MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate more than one person's claims and may not preside over any form of representative proceeding.
These Terms and any dispute arising under them are governed by the laws of [the state in which the operator's LLC is formed], without regard to its conflict-of-laws principles. If for any reason the arbitration agreement above is held unenforceable, the federal and state courts located in [the state in which the operator's LLC is formed] have exclusive jurisdiction over any dispute, and you consent to personal jurisdiction in those courts.
You may stop using the Service at any time. Cancel a paid subscription as described in the Subscriptions section above. The Operator may suspend or terminate your access to the Service at any time for violation of these Terms or for any other reason at the Operator's discretion. Upon termination, the Disclaimers, Limitation of Liability, Indemnification, Dispute Resolution, and any other provision that by its nature should survive termination will survive.
The Operator may update these Terms from time to time. Material changes will be posted at /terms and, where the change materially affects subscriber rights or obligations, communicated by email at least 30 days before taking effect. Continued use of the Service after the effective date of an update constitutes acceptance of the updated Terms. If you do not agree to an update, your remedy is to cancel your subscription and stop using the Service.
Your use of the Service is also subject to the Operator's Privacy Policy, available at /privacy and incorporated into these Terms by reference. The Privacy Policy describes what data the Service collects, how that data is used, who it is shared with, and the rights you have over it.
These Terms, together with the Privacy Policy and the disclaimers at /legal, constitute the entire agreement between you and the Operator regarding the Service and supersede any prior agreement on the same subject. If any provision is held unenforceable, the remaining provisions remain in full force and effect. The Operator's failure to enforce any right or provision is not a waiver of that right or provision. You may not assign or transfer these Terms; the Operator may assign these Terms in connection with a merger, acquisition, or sale of assets. Notices to the Operator must be sent to the contact address listed at the bottom of this page; notices to you may be sent to the email address associated with your account.
Questions or notices? Reply to the email you signed up with — we'll respond from the same address.