Borsa Finance, LLC
Last Modified December 14, 2023
Finance, LLC, an Indiana limited liability company.
The services provided by Borsa to its Users through the Website may be collectively referred to as “Services”
hereunder. The below terms and conditions govern your access to and use of the Services, including use via mobile
applications, web applications websites, and any content, functionality, and services offered on or through the
an account via the Website or use the Website as a guest.
must not access or use the Website. PLEASE REVIEW THE ARBITRATION PROVISION SET FORTH BELOW CAREFULLY, AS IT WILL REQUIRE YOU TO RESOLVE DISPUTES WITH BORSA THROUGH FINAL AND BINDING ARBITRATION.
This Website is offered and available to users who are 18 years of age or older and reside in the United States or
any of its territories or possessions. By using the Website, you represent and warrant that you meet all of the
foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the
our sole discretion. All changes are effective immediately when we post them and apply to all access to and use of
that you accept and agree to the changes. We will endeavor to provide you with written notices of any changes to
from time to time so you are aware of any changes, as they are binding on you. If you do not agree with updated
2. Accessing the Website.
2.1. We reserve the right to withdraw or amend the Website and Services we provide, in our
sole discretion without notice. We will not be liable if for any reason all or any part of the Website is
unavailable at any time or for any period. From time to time, we may restrict access to some parts of the
Website, or the entire Website, to some or all Users.
2.2. To access some of the Services we offer, you may be asked to become a Registered
User, as more fully set forth in Section 4 below. Each individual may have only one account on the
Website, and it must be in the real and legal name of the individual. If you are a Registered User, we will
send any notices and messages to you via the email address you provide to us when creating an account
on the Website. You agree to keep any contact information up to date, and either update your email by
logging into your account or reaching out to us at Borsahq@gmail.com.
2.3. It is a condition of every User’s use of the Website that any information you provide to
us is correct, current, and complete. You agree that all information you provide through use of the
3. Services and Use.
3.1. You acknowledge that Borsa provides a service for accessing, listening to, and reading earnings calls (the “Earnings Calls”) which are recorded and produced by third parties, and that Borsa may also provide related summaries (“Summaries”) which are prepared by Borsa and our affiliates.
3.2. We access Earnings Calls through methods which are available to the general public, and while we believe these sources to be accurate and reliable, we cannot guarantee such accuracy or reliability. We also access earnings call presentation slides and earnings calls earnings releases through methods which are available to the general public, and while we believe these sources to be accurate and reliable, we cannot guarantee such accuracy or reliability. We do not partner with or have any formal relationship with the companies whose Earnings Calls may be accessed through the Website. We are not obligated to, nor do we, review the Earnings Calls in advance of making them available on the Website, nor do we provide any opinion as to their accuracy or completeness. We disclaim all liability for the content, accuracy, completeness, legality, reliability, or availability of any postings, details, and information regarding the Earnings Calls
3.3. All Summaries of Earnings Calls are based upon the judgment of Borsa and its affiliates
as to the portions of such Earnings Calls which may be most interesting to our Users, and by their nature
will not cover all topics or details set forth in the Earnings Calls on which they are based. If any portion of
the Summaries could be construed as offering an opinion, whether directly or through the inclusion of
omission of any information, you acknowledge that such opinions are only opinions, and the preparer of
such Summaries may have their own biases and may have different personal goals that may not be
applicable to you.
3.4. Our service provides automated transcripts for Earnings Calls. It is important to note that these automated transcripts may contain errors, and we do not assume any liability for inaccuracies in the transcriptions. Users are encouraged to verify information independently for critical purposes. Additionally, the transcripts generated by our service are intended for informational and entertainment purposes only. They should not be relied upon as a substitute for professional advice or as a basis for making investment decisions. We explicitly disclaim any responsibility for the use of our transcripts as investment advice. Users should exercise caution and diligence when interpreting and relying on the information provided in these transcripts. By using our service, you acknowledge and agree that you are aware of the limitations of automated transcription and that our service is not a source of authoritative financial or investment guidance. Any actions taken based on the information provided in the transcripts are at the user's own risk.
3.5. We caution you to, and it is your responsibility to, verify the validity of and details of any Earnings Calls, Presentation Slides, Earnings Releases, Transcripts, and Summaries before taking any action based on such Earnings Calls or Summaries.We do not guarantee that Summaries will include all information that any User would personally consider relevant. We further disclaim all liability, direct or indirect, for any expectations (whether personal, business, or monetary) that any User may have resulting from accessing any Earnings Calls or summaries of the same.
3.6. THE CONTENT PROVIDED THROUGH THE SERVICES IS TO BE USED FOR
INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY. BORSA DOES NOT PROVIDE INVESTMENT
ADVICE OR ADVOCATE THE PURCHASE OF SALE OF ANY SECURITY OR INVESTMENT. YOU SHOULD
ALWAYS SEEK THE ASSISTANCE OF A PROFESSIONAL FOR INVESTMENT ADVICE. YOU ALONE ARE SOLELY RESPONSIBLE FOR DETERMINING WHETHER ANY INVESTMENT, SECURITY OR STRATEGY, OR ANY OTHER PRODUCT OR SERVICE, IS APPROPRIATE OR SUITABLE FOR YOU BASED ON YOUR PERSONAL INVESTMENT OBJECTIVES AND FINANCIAL SITUATION.
3.7. If we recommend any Earnings Calls or Summaries to our Users, directly or indirectly
(such as via email or during use of the Website), such recommendations does not constitute any
representation as to your personal use of the Earnings Calls or Summaries for any purpose; such
recommendations are based only upon the information you have provided to us regarding your interests,
and information collected by us regarding your use of the Website which may include your previous views
of Summaries or access of other Earnings Calls. In no case will Borsa offer personalized advice to any User.
3.8. If our Website provides any links to companies to which the Earnings Calls are related,
or links to locations where Earnings Calls were obtained, such third-party sites are not governed by this
agreements that you have with other Users are solely between you and such other Users.
4. Registered Users.
4.1. Our Website allows Users to create an account (each holder of an account, a
“Registered User”). Registered Users may have the ability to customize their use of the Website. We may
require that Registered Users pay certain fees to access certain portions of the Services. If you choose, or
are provided with, a username, password, or any other piece of information as part of our security
procedures, you must treat such information as confidential, and you must not disclose it to any other
person or entity. You agree to notify us immediately of any unauthorized access to or use of your
username or password or any other breach of security. You also agree to ensure that you will log out from
your account at the end of each session if you are a Registered User. You do not have permission to
transfer or assign your Registered User account to any third-party.
4.2. Each Registered User account gives access to the Website to one designated individual.
If a User is using the Services on behalf of its business or employer, such account may not be shared with
other individuals at the business or employer, and each individual accessing the Website for such business
or employer shall create an individual Registered User account. If we discover that Registered Users are
sharing account access with any unauthorized user(s), we may cancel your account in our sole discretion,
or may require that the Registered User pay a fee to reinstate its account.
4.3. We have the right to disable any username, password, or other identifier, whether
chosen by you or provided by us, at any time in our sole discretion for any or no reason, including if, in our
5.1. If the Registered User’s account requires a monthly recurring payment, monthly fees are
billed in advance of the month to which they apply.
5.2. The Registered User expressly agrees that Borsa may automatically charge Registered
User’s payment method on a monthly basis without further notice or consent from the Registered User. If
the Registered User fails to make any payment or a Registered User’s automatic payment is declined or
ineffective, Borsa will provide the Registered User with a 5-day notice granting Registered User the
opportunity to remedy such nonpayment, and thereafter may cancel a Registered User’s account in its
sole discretion without further notice. By providing a payment method or payment details, (i) you
represent and warrant to Borsa that you are an authorized user of such payment method and (ii) you are
authorizing Borsa (or its third-party provider) to charge all fees incurred by you. All fees are subject to
applicable sales taxes and other local government charges, which may be charged and collected by Borsa.
5.3. If a Registered User desires to cancel its account, Borsa will cease drawing any further
payments, but will not provide any refunds of funds already paid. If Borsa cancels a Registered User’s
payments, but will not provide any refunds of funds already paid. Registered Users hereby waive any
rights to partial or pro rata refunds for cancellations or terminations mid-month and acknowledge that
Borsa may retain such funds as an administrative fee. You further agree that until your account is
terminated, you will continue to accrue charges for which you remain responsible, even if you do not
access or use your account or the Services.
5.4. If Borsa changes its pricing model for Registered User account, Registered Users will be
alerted 60 days in advance of the change in pricing and may cancel their account if they do not agree to
the changes. If a Registered User does not cancel its account before the pricing change goes into effect,
the Registered User expressly agrees to the change in pricing. As noted above, it is each Registered User’s
responsibility to keep its contact information current with Borsa.
5.5. Borsa may use a third-party payment processor for Registered Users’ payments. Such
Store or Google Play Store, as applicable for each User. The terms applicable to such payment processors
are available through their respective websites.
6. Prohibited Uses.
6.1. You may use the Website only for lawful purposes and in accordance with these Terms
of Use. You agree not to use the Website in any way that violates any applicable federal, state, local, or
international law or regulation (including, without limitation, any laws regarding the export of data or
software to and from the US or other countries); for the purpose of exploiting, harming, or attempting to
exploit or harm minors in any way by exposing them to inappropriate content, asking for personally
identifiable information, or otherwise; to transmit, or procure the sending of, any advertising or
promotional material without our prior consent; to impersonate or attempt to impersonate any other
party; or to engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the
Website, or which may harm Users of the Website or expose them to liability, in our sole discretion.
6.2. Additionally, you agree not to use the Website in any manner that could disable,
overburden, damage, or impair the proper working of the site or interfere with any other party's use of
the Website; use any device, process, or means to access the Website for any purpose, including
monitoring or copying any of the material on the Website; use any manual process to monitor or copy any
or introduce any viruses or other material that is malicious or technologically harmful; attempt to gain
unauthorized access to, interfere with, damage, or disrupt any parts of the Website or attack the Website
in any way.
7. Intellectual Property Rights.
7.1. You acknowledge and agree that the Services and any software used in connection with
the Services contain proprietary and confidential information that is protected by applicable intellectual
property law and other laws. The Website, the Services, and the entire contents, features, and
functionality (including but not limited to all information, software, underlying code, text, displays,
images, video, and audio, and the design, selection, and arrangement thereof) associated therewith are
owned by Borsa Finance, LLC and are protected by United States intellectual property laws (including but
not limited to copyright, trademark, and patent laws) and where applicable, international intellectual
7.2. As between Users and Borsa, all right, title and interest in and to any intellectual
property incorporated, used, or made viable in connection with to the Services will remain solely with
Borsa. No right, title, or interest in or to the Website or any content on the Website is transferred to you.
The terms “Borsa Finance” or “Borsa”, our logo, and all related names, logos, product and service names,
designs, and slogans are trademarks of Borsa Finance, LLC. You agree that you are only using the Services
for the purposes intended and set forth herein, and not for purposes of reverse engineering or otherwise
discovering confidential or protected information about the Website or about Borsa.
7.3. Without limiting the generality of the foregoing, all Summaries, whether or not the
same are or can be protected by intellectual property laws or other laws, are owned by Borsa, as between
Users and Borsa, and you have no right to distribute, make public, resell, or otherwise disseminate such
Summaries to third parties.
7.4. If you send or transmit any communications or materials to us, suggesting or
recommending changes to the Website or Services more generally, including without limitation, new
features or functionality relating thereto, or any comments, questions, suggestions regarding the Website
or the Services more generally (collectively, “Feedback”), you hereby assign to us all right, title, and
interest in, the Feedback, and we are free to use or implement such Feedback, without any attribution or
compensation to any party regarding any ideas, know-how, concepts, techniques, or other intellectual
property rights contained in, the Feedback. We are not required to incorporate any Feedback.
herein and not for any commercial use except as specified herein. You must not reproduce, distribute,
modify, create derivative works of, publicly display, publicly perform, republish, download, intentionally
store, or transmit any of the material on our Website. You may not modify copies of any materials from
this site; delete or alter any copyright, trademark, or other proprietary rights notices from copies of
materials from this site; or access or use for any commercial purposes any part of the Website or any
services or materials available through the Website.
7.6. If you wish to make any use of any material on the Website other than that set forth in
this section, please address your request to: Borsahq@gmail.com. We may approve or deny such request
in our sole discretion. If you do not receive a response from us, such non-response constitutes a denial of
8. Monitoring, Enforcement, and Termination.
8.1. We have the right to (i) take appropriate legal action, including without limitation, refer
you to law enforcement, for any illegal or unauthorized use of the Website; (ii) without limiting the
foregoing, cooperate fully with any law enforcement authorities or court order requesting or directing us
to disclose the identity or other information of any User of the Website; and (iii) terminate or suspend
your access to all or part of the Website for any or no reason, including without limitation, any violation of
8.2. YOU WAIVE AND HOLD HARMLESS BORSA AND ITS AFFILIATES, LICENSEES, AND SERVICE
PROVIDERS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING
PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.
9. Reporting Infringement.
9.1. Copyright Infringement and DMCA Notices. We take claims of copyright infringement
seriously. We will respond to notices of alleged copyright infringement that comply with applicable law. If
you believe any materials accessible on or from the Website infringe your copyright, you may request
removal of those materials (or access to them) from the Website by submitting written notification to our
copyright agent at Borsahq@gmail.com. The written notice (the “DMCA Notice”) must include
substantially all the details as required by the Online Copyright Infringement Liability Limitation Act of the
Digital Millennium Copyright Act (17 U.S.C. § 512). If you fail to comply with all of the requirements of
Section 512(c)(3) of the DMCA, your DMCA Notice may not be effective. Please be aware that if you
knowingly materially misrepresent that material or activity on the Website is infringing your copyright,
you may be held liable for damages (including costs and attorneys’ fees) under Section 512(f) of the
DMCA. It is our policy in appropriate circumstances to disable and/or terminate the accounts of Users
who are repeat infringers.
9.2. Trademark and Impersonation. Unless and until given information to the contrary, we
assume that each Registered User has the right to create an account, and otherwise use the Services. We
are not liable to any third-party if an unauthorized account is created on their behalf. If you feel that an
account has been created on our Website on your behalf or using your name or personal information that
was not authorized, please use the email address noted in Section 9.1 herein to report such
impersonation of your entity. You may also submit claims of trademark infringement or other intellectual
property infringements to the email address set forth in Section 9.1 herein.
10. Information About You. All information we collect on this Website is subject to our Privacy
Policy. By using the Website, you consent to all actions taken by us with respect to your information in compliance
11. Geographic Restrictions. The owner of the Website is based in the State of Indiana in the United
States. We provide this Website for use only by persons located in the United States. We make no claims that the
Website or any of its content is accessible or appropriate outside of the United States. Access to the Website may
not be legal by certain persons or in certain countries. If you access the Website from outside the United States,
you do so on your own initiative and are responsible for compliance with local laws.
12. Disclaimer of Warranties.
12.1. You understand that we cannot and do not guarantee or warrant that files available for
downloading from the internet, or the Website generally, will be free of viruses or other destructive code.
You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular
requirements for anti-virus protection and accuracy of data input and output, and for maintaining a
means external to our site for any reconstruction of any lost data. TO THE FULLEST EXTENT PERMITTED BY
LAW, WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, MOBILE DEVICE, OR OTHER MATERIAL DUE TO YOUR USE OF THE WEBSITE OR ANY SERVICES OBTAINED THROUGH THE WEBSITE, OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY WEBSITE LINKED TO IT.
12.2. YOUR USE OF THE WEBSITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED
THROUGH THE WEBSITE IS AT YOUR OWN RISK. THE WEBSITE, ITS CONTENT, AND ANY SERVICES OR
ITEMS OBTAINED THROUGH THE WEBSITE ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS,
WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER BORSA NOR ANY
PERSON ASSOCIATED WITH BORSA MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE WEBSITE, OR THE MATERIALS CONTAINED ON THE WEBSITE. WITHOUT LIMITING THE FOREGOING, NEITHER BORSA NOR ANYONE ASSOCIATED WITH BORSA REPRESENTS OR WARRANTS THAT THE WEBSITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT OUR SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS.
12.3. TO THE FULLEST EXTENT PROVIDED BY LAW, WE HEREBY DISCLAIM ALL WARRANTIES OF
ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE. The foregoing does not affect any warranties that cannot be excluded or limited under
13. Limitation on Liability
13.1. TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL BORSA, ITS AFFILIATES,
OR OUR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, DIRECTORS, OR MEMBERS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEBSITE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE WEBSITE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. The foregoing does not affect any liability that cannot be excluded or limited under applicable law.
14. Indemnification. You agree to defend, indemnify, and hold harmless Borsa, its affiliates,
licensors, and service providers, and its and their respective officers, directors, members, shareholders,
employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities,
damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of
information obtained from the Website.
15. Governing Law and Arbitration. YOU SHOULD READ THIS SECTION CAREFULLY AS IT MAY
SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT.
arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be
governed by and construed in accordance with the internal laws of the State of Indiana without giving
effect to any choice or conflict of law provision or rule (whether of the State of Indiana or any other
15.2. You and Borsa will engage in good faith negotiation to resolve any dispute, claim, or
question, and use respective best efforts to settle the same, as a condition precedent to either party
initiating any court action, lawsuit, mediation, or arbitration. If no resolution is reached, either party may
initiate binding arbitration as the sole means to resolve claims, as provided herein. All claims arising out of
or relating to this Agreement, including access to and use of the Services, shall be finally settled by binding
arbitration administered by JAMS under the applicable commercial arbitration rules, excluding any rules
or procedures governing or permitting class actions.
15.3. The arbitrator shall have exclusive authority to resolve all disputes arising out of or
relating to the interpretation, applicability, enforceability, or formation of this Agreement, including
whether a claim is subject to arbitration. The arbitrator shall be empowered to grant whatever relief
would be available in a court under law or in equity. The arbitrator’s award shall be written, nonappealable,
and binding on the parties, and may be entered as a judgment in any court of competent
15.4. The parties understand that, absent this mandatory provision, they would have the right
to sue in court and have a jury trial. They further understand that, in some instances, the costs of
arbitration could exceed the costs of litigation and the right to discovery may be more limited in
arbitration than in court.
16. Limitation on Time to File Claims. ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING
between Borsa and you as a User of the Services. No other communications, whether direct or indirect, between
18. Waiver and Severability. No waiver by Borsa of any term or condition set out in these Terms of
Use shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or
competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or
19. Comments and Concerns. We welcome our Users to report any suspected violation of this
will investigate any such report and may act as we deem appropriate in our sole discretion.