Lee Adler's Liquidity Trader - The Integrated Edge

Lee Adler’s Liquidity Trader — Terms of Use

Effective Date: May 20, 2026

1. About This Agreement

These Terms of Use govern your subscription to and use of Lee Adler’s Liquidity Trader, published by Lee Adler, doing business as The Wall Street Examiner. By subscribing or using this site, you agree to these terms.

2. Subscriptions and Billing

Paid subscriptions renew automatically at the end of each billing period unless you cancel. Upon cancellation, future billing stops and your subscription continues through the end of the current paid period. Subscriptions are non-refundable.

Only first-time subscribers are eligible for any introductory pricing. The subscription system identifies returning subscribers and charges the current full rate accordingly.

This TOS applies to subscribers accessing the service through Substack.

3. Your Subscription License

Your subscription is a personal, non-transferable license for your individual use only. Reports, analysis, charts, and all subscriber content are for your eyes only.

You may not forward, share, redistribute, post, or otherwise transmit any content to any other person — including clients, colleagues, employees, or members of your organization — under an individual subscription.

Subscribers who wish to share content within their firm or with clients may purchase a group subscription, available on the Substack subscription order form. Select the applicable number of users. For large organization or client use the amount is negotiable. Contact me.

Enterprise/Advisory - Any service, 26+ users or client-facing use

Contact Lee Adler: To inquire about institutional use, call 561-839-3726. Available 9:00AM-5:00PM ET.

4. Not Financial Advice

Everything published at Liquidity Trader is for informational purposes only. Nothing here constitutes financial advice, investment advice, or a recommendation to buy or sell any security. You make all investment decisions independently, at your own risk.

Lee Adler is not a registered investment advisor. Past analysis, forecasts, or market calls — whether correct or incorrect — are not a guarantee of future results and should not be relied upon as the basis for any investment decision.

5. Limitation of Liability

To the fullest extent permitted by law, Lee Adler and The Wall Street Examiner are not liable for any trading losses, investment losses, or any other damages — direct, indirect, incidental, consequential, or otherwise — arising from your use of or reliance on any content published at Liquidity Trader.

This limitation applies regardless of whether any claim is based in contract, negligence, or any other legal theory, and even if Lee Adler has been advised of the possibility of such damages.

Your sole remedy for dissatisfaction with the service is to cancel your subscription.

6. Intellectual Property

All content published at Liquidity Trader — including reports, analysis, charts, data compilations, and commentary — is the original work of Lee Adler and is protected by copyright. All rights are reserved.

You may not reproduce, republish, scrape, or create derivative works from any content without prior written permission.

7. Acceptable Use

You agree not to use this site or its content to violate any applicable law, infringe any intellectual property rights, transmit malicious code, impersonate any person or entity, or scrape content by automated means.

8. Privacy and Cookies

This site collects subscriber information necessary to provide the service, including name, email address, and billing information. New subscribers are billed through Stripe. Legacy subscribers are billed through PlugnPay. This site uses cookies required for subscriber login and session management. For full details see the Privacy Policy at liquiditytrader.com/privacy-policy.

9. Changes to These Terms

Lee Adler reserves the right to update these Terms at any time. Changes take effect upon posting to this page. Continued use of the site after changes are posted constitutes acceptance of the updated Terms.

10. Disputes and Governing Law

These Terms are governed by the laws of the Commonwealth of Pennsylvania. Any dispute that cannot be resolved informally shall be submitted to binding arbitration under the rules of the American Arbitration Association, conducted in English. You waive any right to bring claims as part of a class action.

11. Entire Agreement

These Terms constitute the entire agreement between you and Lee Adler with respect to your use of Liquidity Trader and supersede all prior agreements on the same subject.

Lee Adler, Publisher, The Wall Street Examiner, Liquidity Trader