You agree to the terms of service below, and the Terms of Use for Substack, the technology provider.
Terms of Service (hereinafter referred to as Disclaimer)
Effective Date: 07.04.2026
The information provided by Lemma Capital LLC (”we,” “us,” or “our”) and any of our related communications is for general informational purposes only. We are a company that buys and sells securities on our own account and does not solicit or accept retail investors.
Not investment advice
The content we offer, including but not limited to research reports, analyses, and opinions, is not intended to be investment advice and should not be construed as a recommendation to buy, sell, or hold any securities or financial instruments. We do not provide personalized investment advice or advisory services. Any decisions based on our content are made at your own risk.
No broker-dealer or investment adviser registration
We are not registered as a broker-dealer or investment adviser with the U.S. Securities and Exchange Commission (SEC). Our activities are conducted in compliance with applicable laws and regulations, and we do not hold ourselves out as dealers or advisers in securities.
Accuracy and completeness
While we strive to ensure that the information we provide is accurate and up-to-date, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of our content. Any reliance you place on such information is strictly at your own risk.
No liability
In no event will we be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising out of or in connection with the use of our services or reliance on any information provided. This includes but is not limited to financial losses, trading losses, or any other loss or damage whatsoever.
Not a solicitation
Our services and content are not intended as a solicitation or offer to buy or sell any securities or related financial instruments. We do not engage in any activities that constitute “holding oneself out” as a dealer or adviser under applicable laws.
Compliance with laws
Users are responsible for ensuring that their use of our services complies with all applicable laws and regulations in their respective jurisdictions. We do not warrant that our services are appropriate or available for use in any particular location.
Consult professional advisers
We strongly recommend that you seek independent financial advice from a qualified professional before making any investment decisions. Your personal financial situation, investment objectives, and risk tolerance have not been considered in our content.
Changes to this disclaimer
We reserve the right to modify this Disclaimer at any time without prior notice. Any changes will be effective immediately upon posting on our website or through our services.
Contact us
If you have any questions or concerns about this Disclaimer, please contact us at: a.pisanov@lemmacap.com