Terms of use

Terms.

Effective 2026-09-08

Nature of the content

All content on this site and in Marnello deliverables is general research and statistical measurement. It is not investment advice, a recommendation, or an offer to buy or sell any security, and is not tailored to any recipient. Marnello LLC is not a registered investment adviser.

Hypothetical results

Backtested, simulated, and demonstration results are hypothetical, computed from historical data under stated assumptions, and do not represent actual trading. Demonstration builds are produced on free data with disclosed limitations, including survivorship bias.

Licence

Subscription deliverables and the public Quantitative Note are licensed for the recipient's internal use. They may not be redistributed, resold, or presented as the recipient's own work without written consent. Recipients are solely responsible for their own regulatory obligations and for how Marnello output is presented to their clients or regulators.

No warranty

Content is provided as is. Marnello LLC makes no warranty as to accuracy, completeness, or fitness for a particular purpose, and accepts no liability for decisions made in reliance on it.

Governing law

These terms are governed by the laws of the State of California. Service agreements for paid deliverables contain their own terms, which prevail over this page.