Disclaimer

General Information Only

Scout by SCD Labs ("Scout") provides general financial information and research tools only. Nothing provided by Scout constitutes personal financial advice, a recommendation to buy or sell any security, or an offer to manage or advise on your investments.

Not Licensed Financial Advice

Scout holds no Australian Financial Services Licence (AFSL). We do not:

• Provide personal financial advice
• Recommend specific securities for you to buy or sell
• Manage your portfolio or investments
• Provide financial product advice
• Claim to predict market outcomes or guarantee returns

Before You Invest

Before making any investment decisions, you should:

• Consider your objectives: What is your investment goal? Time horizon? Risk tolerance?
• Consider your financial situation: Income, assets, liabilities, commitments.
• Consider your needs: What does your portfolio need to achieve?
• Seek independent financial advice: Consider speaking to a licensed financial adviser who knows your full situation.
• Understand the risks: All investments carry risk. Small-cap ASX stocks are higher-risk than large-cap or index funds.

No Guarantees or Outcomes

Scout does not guarantee:

• Future performance or returns
• Outperformance of any benchmark or index
• "Beat the market" results
• Winning strategies or trades
• Absence of losses

Past performance is not a guarantee of future results. Scout's backtest (5-year walk-forward) shows what happened in the past. Future performance may differ significantly.

Scout PRO: Educational Coaching Only

Scout PRO provides educational coaching on your behavioral patterns, conviction biases, and exit timing tendencies. Coaching is:

• Educational: It teaches you about your decision patterns.
• Not directive: Scout does not tell you what to buy or sell.
• Not advice: It's insight to help you decide better, not a recommendation.
• Your choice: You keep 100% of decisions and 100% of risk.

Accuracy and Data

Scout uses data from public sources: yfinance, ASX announcements, social media sentiment, Google Trends, ASIC short interest, and other publicly available sources. While we aim for accuracy:

• Data may be delayed, inaccurate, or incomplete
• Third-party data sources may contain errors
• Algorithmic scoring may misinterpret data
• We do not verify or audit all data

Scout's scores are research tools, not gospel. Always verify critical data independently before making investment decisions.

Pricing and Features

Scout's features, pricing, and subscription terms may change without notice. Free tier features may be modified or removed. We'll notify users of material changes via email.

Third-Party Content

Scout may display charts from TradingView, news links, social media references, and other third-party content. We do not endorse or take responsibility for third-party accuracy or content.

Limitation of Liability

To the maximum extent permitted by law, Scout by SCD Labs, its founders, employees, and affiliates are not liable for:

• Investment losses or gains resulting from use of Scout
• Inaccuracy, incompleteness, or delays in data
• System downtime or service interruptions
• Incorrect signals or alerts
• Your interpretation or misuse of Scout tools

ASIC Compliance

Scout operates under Australian Securities and Investments Commission (ASIC) consumer guidance:

• RG 234: Educational materials and research are not financial advice
• RG 53: Guidance on providing financial product advice
• No AFSL: Scout does not hold an Australian Financial Services Licence

Scout's role is to provide general educational information and research tools, not to recommend specific investments for you.

Small-Cap Risk Disclosure

Scout focuses on ASX small-cap stocks. Small-cap stocks carry higher risks than large-cap stocks:

• Lower liquidity: May be harder to buy or sell quickly
• Higher volatility: Prices fluctuate more wildly
• Limited information: Less analyst coverage
• Higher failure risk: Smaller companies are more likely to fail
• Manipulation risk: Smaller market cap = greater risk of price manipulation

Small-cap investing is not suitable for everyone. Only invest what you can afford to lose.

Intellectual Property

Scout's design, scoring algorithms, content, and brand are proprietary. You may not:

• Copy, reproduce, or distribute Scout content
• Reverse-engineer Scout's algorithms
• Scrape or automate data collection from Scout
• Use Scout as a backend for a competing service

Changes to This Disclaimer

Scout may update this disclaimer at any time without notice. Continued use of Scout means acceptance of updated terms.

Contact

Questions about this disclaimer? Contact scout-support@smallcapdata.com.

Scout by SCD Labs — ASX small-cap research platform, built by SCD Labs. Founded by a former licensed financial adviser. General information only. Not AFSL-regulated.