EARNINGS DISCLAIMER & RISK DISCLOSURE

The Moguls Circle | Effective Date: June 1, 2026

READ THIS DISCLAIMER IN FULL BEFORE PURCHASING OR ACCESSING ANY PRODUCT OR SERVICE FROM THE MOGULS CIRCLE. TRADING AND INVESTING IN THE STOCK MARKET INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INDIVIDUALS.

1. NO FINANCIAL ADVICE

The Moguls Circle, The Moguls Circle, and its instructors, coaches, employees, and affiliates (collectively, "we," "us," or "our") are NOT registered investment advisors, broker-dealers, financial planners, securities dealers, or licensed financial professionals.

All content, courses, coaching sessions, community discussions, webinars, videos, emails, newsletters, social media posts, watchlists, market commentary, and any other materials provided through The Moguls Circle are for EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY.

Nothing we provide constitutes, and should not be construed as:

Personalized investment advice

A recommendation to buy, sell, or hold any specific security

A solicitation to trade any financial instrument

Tax, legal, or accounting advice

A guarantee of any investment outcome

2. RISK DISCLOSURE

TRADING STOCKS, OPTIONS, AND OTHER FINANCIAL INSTRUMENTS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT APPROPRIATE FOR ALL INVESTORS. YOU MAY LOSE SOME OR ALL OF YOUR INVESTED CAPITAL. NEVER INVEST MONEY YOU CANNOT AFFORD TO LOSE.

Specific risks associated with trading and investing include, but are not limited to:

Market Risk: Securities can and do decline significantly in value due to market conditions, economic factors, and other variables beyond your control

Options Risk: Options trading involves unique risks including the potential for total loss of premium paid. Options expire worthless if not exercised or sold prior to expiration

Leverage Risk: Using margin or leverage amplifies both gains and losses

Liquidity Risk: Securities may be difficult to sell at a favorable price

Volatility Risk: Market prices can move rapidly and unpredictably

Emotional Risk: Psychological factors such as fear and greed can lead to poor decision-making

Capital Loss Risk: You can lose your entire investment principal

Past performance of any trading strategy, system, or individual trade discussed or demonstrated in our educational content does NOT guarantee future results. Markets are unpredictable and historical results may not be repeated.

3. EARNINGS DISCLAIMER

The Moguls Circle makes no guarantee that you will achieve any particular results, returns, or income from your use of our educational Services. Income and trading results vary significantly among individuals.

About Results and Testimonials Shown

Any results, income examples, trading profits, or testimonials displayed on our website, in our marketing materials, webinars, or social media content:

Are provided for illustrative purposes only and do not represent typical or average results

Reflect the experiences of specific individuals who may have had exceptional circumstances, skills, experience, or dedication

Are NOT guaranteed and should NOT be interpreted as a promise or guarantee of earnings

May have been achieved through a combination of our educational content AND significant personal effort, prior knowledge, and favorable market conditions

Factors That Affect Results

Your individual trading and investing results will depend on many factors, including but not limited to:

Your starting capital and available investment funds

Your prior trading experience and financial literacy

Time and effort devoted to learning and implementation

Market conditions at the time of your trades

Your risk tolerance and discipline in following systematic rules

Personal financial circumstances and obligations

Emotional discipline and psychological factors

Technical execution and brokerage platform used

There is no guarantee that you will achieve any specific profit level, consistent profitability, or any return on investment by using our educational content.

4. FTC COMPLIANCE NOTICE

In accordance with the Federal Trade Commission's (FTC) guidelines concerning endorsements, testimonials, and income claims, The Moguls Circle makes the following disclosures:

Testimonials and results shared reflect the individual's personal experience and are not typical

Results shared in testimonials and case studies were not achieved solely through purchasing our programs — they reflect significant individual effort and favorable circumstances

We have not independently verified all testimonials submitted by students

Some individuals providing testimonials may be students who received complimentary or discounted access

Your results will vary and may be significantly different from results mentioned

5. CONSULT A PROFESSIONAL

Before making any investment or trading decisions, we strongly encourage you to:

Consult with a licensed and registered financial advisor or investment professional

Consult with a qualified tax professional regarding tax implications of trading

Consult with a licensed attorney for legal questions

Carefully review all account agreements and risk disclosures provided by your brokerage firm

Only invest capital that you can afford to lose

Our educational content supplements, but does not replace, professional financial guidance tailored to your individual circumstances.

6. PAPER TRADING RECOMMENDATION

We strongly recommend that new traders practice with paper trading (simulated trading without real money) before risking actual capital. Gaining experience in a risk-free environment allows you to test strategies and build discipline without financial consequences.

7. REGULATORY NOTICE

The Moguls Circle educational programs are not registered with or approved by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), or any other financial regulatory body. Our programs are educational in nature and not regulated financial services.