Terms of Service

Moatr is a newsletter publication ( “Newsletter”) owned and published by The Moat Investor (“Publisher”). The Publisher is not registered as an investment adviser with any federal or state regulatory agency. Rather, the Publisher relies upon the “publisher’s exclusion” from the definition of “investment adviser” as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. The Newsletter is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to subscribers and/or prospective subscribers (e.g., not tailored to the specific investment portfolio or needs of current and/or prospective subscribers).

The Moat Investor website and Newsletter are published as an information service.  It includes opinions as to buying, selling, and holding various stocks and other securities. At various times, the publishers and employees of The Moat Investor and the Newsletter may own, buy, or sell the securities discussed for purposes of investment or trading.

The Newsletter is limited to the dissemination of impersonal and objective investment-related information. No portion of any of the Newsletter content, including content published on the The Moat Investor Website, should be construed as Publisher’s provision of any investment related advice or services tailored to any particular individual’s financial situation or investment objective(s).

Subscribers do not receive investment advisory, investment supervisory, or investment management services, nor the initial or ongoing review or monitoring of the subscriber’s individual investment portfolio or individual particular needs. Therefore, no subscriber should assume that the subscription serves as a substitute for individual personalized advice from an investment professional of the subscriber’s choosing. The Newsletter is designed solely to provide subscribers with a method to evaluate certain investment-related information and model portfolios.

The subscriber maintains absolute discretion as to whether or not to follow any portion of the Newsletter or Website content. Publisher does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice. It is the subscriber’s exclusive responsibility to:

  • review and evaluate the content
  • to determine whether to accept or reject any recommendation
  • to correspondingly determine whether any such recommendation or model portfolio is appropriate for a subscriber’s investment portfolio or objective (of which Publisher has and expresses no knowledge or opinion)

Publisher expresses no opinion as to whether any recommendations contained in the Newsletter is appropriate for a subscriber’s investment portfolio, strategy, financial situation, or investment objective(s).

The subscriber acknowledges that any past performance referred to in the Newsletter or on the Website relative to any information, recommendation, portfolio, or security may not be indicative of future results, and understands that any opinions contained in the Newsletter or on the Website reflects Publisher’s judgment exclusively as of that particular date.

No current or prospective subscriber should assume that the future performance of any specific investment, investment strategy, or non-investment-related content will be suitable or profitable for a subscriber’s portfolio, equal historical or anticipated performance level(s), or prove to be correct.

Please be aware, the Newsletter or associated Website content could prove to be incorrect. All subscribers must be guided accordingly. Certain portions of the Website (i.e., past newsletters, articles, etc.) may contain a discussion of, and/or provide access to, commentary and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s), and no subscriber should rely thereon.

User is prohibited from sharing the Newsletter or providing access to the Website to any other person or entity, and agrees not to do so in any manner whatsoever. In the event that subscriber violates such prohibition, subscriber shall hold the Publisher (including its officers, directors, members, employees, and agents) harmless from any and all adverse consequences resulting from subscriber’s decision to share the Newsletter or provide access to the Website, including, but not limited to, any and all adverse financial consequences alleged and/or suffered by any such person or entity who was provided the Newsletter or gained access to the Website as a result of subscriber’s violation.

Publisher can terminate subscriber’s Newsletter subscription and access to the Website at any time and for any reason, without recourse by the subscriber.