Terms of Service

1. About ShadowBuys

ShadowBuys (formerly CongressBuys; "we", "us") runs shadowbuys.com and sends email alerts summarizing stock trades that members of the U.S. Congress disclose in public periodic transaction reports. By using the site or subscribing to alerts, you agree to these Terms and our Privacy Policy. You must be at least 18 years old to subscribe.

2. Not investment advice

Everything we publish is for information only. We are not a broker-dealer, investment adviser or financial planner, and nothing on the site or in our emails is a recommendation to buy, sell or hold any security. Members of Congress report trades weeks after they happen, and their trades do not predict future performance. You are solely responsible for your own investment decisions; consider talking to a licensed professional before making them.

3. About the data

Trades come from reports filed with the Clerk of the House and the Secretary of the Senate, which we receive through third-party data providers. Members may disclose a trade up to 45 days after it happens, report amounts only as ranges, and sometimes file errors or amendments. Matching trades to members, companies and committees is automated and can be wrong. We do not guarantee that any information is accurate, complete or timely. Each alert links to the official filing so you can check it. Research on the site links to SEC filings and other official public records.

4. Committee overlap flags

A committee overlap flag means a member who currently sits on a congressional committee traded a company in an industry we associate with that committee's jurisdiction. Flags are generated automatically from committee rosters and industry classifications. A flag is not an allegation of illegal or unethical conduct, a conflict of interest, or use of non-public information.

5. Lawful use of disclosure information

Federal law (5 U.S.C. § 13107(c)) makes it unlawful to obtain or use these reports for any unlawful purpose; for any commercial purpose, other than by news and communications media for dissemination to the general public; for determining or establishing anyone's credit rating; or for soliciting money for any political, charitable or other purpose. You agree not to use information from ShadowBuys for any of these purposes.

6. Subscriptions and billing

A ShadowBuys subscription costs $29 per month, or $108 per year if billed annually, after a 7-day free trial. You need a payment card to start the trial. If you cancel before the trial ends, you are not charged; otherwise your card is charged the price of the plan you chose when the trial ends, and again at the start of each month or year after that until you cancel. You can switch plans from your billing settings: a switch to yearly billing takes effect immediately, with credit for the unused part of the current month, and a switch to monthly billing takes effect at the end of the current year. You authorize us to charge your payment method for each renewal. Payments are processed by Stripe. If we change the price, we will tell you before it applies to your next renewal. Each person may use one free trial.

7. Cancellation

You can cancel at any time from the "Manage subscription" link in any of our emails, or by writing to support@shadowbuys.com. Cancellation takes effect at the end of your free trial or current billing month or year, and you keep access until then. Unsubscribing from emails does not cancel a paid subscription.

8. Refunds

All payments are non-refundable. We do not give refunds or credits for partial billing periods, unused time, or cancellations before the end of a period, except where the law requires it.

9. Emails

By subscribing, you agree to receive trade alerts and service emails such as confirmations and billing notices. How often alerts arrive depends on how often members file, and can be several a day. Every alert includes an unsubscribe link.

10. Acceptable use

You agree not to:

• scrape, copy in bulk, or access the site with bots or other automated tools;
• resell, republish or redistribute our alerts, flags or data feeds;
• share a paid account or subscribe other people without their consent;
• interfere with the site, its security or other users.

11. Intellectual property

The site's design, text, software, alerts and committee flags belong to ShadowBuys. The underlying government reports are public records. We give you a limited, personal, non-transferable license to use the service for your own information.

12. Changes to the service and termination

We may change, suspend or stop any part of the service at any time. We may suspend or end access for anyone who breaks these Terms, without a refund.

13. Disclaimer of warranties

The service is provided "as is" and "as available", without warranties of any kind, including warranties of accuracy, timeliness, merchantability, fitness for a particular purpose or non-infringement.

14. Limitation of liability

To the fullest extent the law allows, ShadowBuys is not liable for any indirect, incidental, special or consequential damages, or for any trading or investment losses, arising from your use of the service. Our total liability for any claim is limited to the amount you paid us in the 12 months before the claim.

15. Governing law

These Terms are governed by the laws of the State of Wisconsin, without regard to its conflict-of-law rules. Any dispute will be resolved in the state or federal courts located in Brown County, Wisconsin, except where the law of your place of residence requires otherwise. Before filing a claim, please contact us so we can try to resolve it informally.

16. Changes to these Terms

We may update these Terms. We will post the new version here with a new date, and email subscribers about material changes. Continuing to use the service after a change means you accept it.

17. General

If any part of these Terms is found unenforceable, the rest stays in effect. These Terms and the Privacy Policy are the entire agreement between you and ShadowBuys about the service.

18. Contact

Questions about these Terms: support@shadowbuys.com.