General

Brokerage services are offered to self-directed customers by Cash App Investing LLC, member of FINRA and SIPC and a subsidiary of Block, Inc., formerly known as Square, Inc., (hereafter referred to as “Cash App”). For more information related to Cash App Investing LLC, visit FINRA BrokerCheck. Investing involves risk and you may lose money. Past performance of a security does not guarantee future results or returns. You should consider the risks before investing.

Bitcoin services are offered through your account with Cash App. Cash App Investing LLC does not trade bitcoin, and Cash App is not a member of FINRA or SIPC. Bitcoin are not stocks or securities and your Bitcoin holdings are not protected by FDIC or SIPC. Virtual currency values can fluctuate substantially which may result in a total loss of the value of the virtual currency in your hosted balance. See additional Cash App Bitcoin Disclosures for more information.

Cash App is a financial services platform; not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank. Cash App Investing LLC does not provide banking services.

P2P services, Cash App Pay, and Savings are provided by Block, Inc., not by Cash App Investing, LLC.

For legal documents and more on the risks of investing, see our Disclosure Library, and review the House Rules prior to trading.

Fractional Shares

Cash App Investing allows you to purchase securities in dollar amounts rather than share quantities, allowing you to receive fractional shares as a result of any purchase or sale of securities. These fractional shares are not transferable. If you close your Investing Account or transfer your Investing Account to another firm, the fractional shares will need to be liquidated resulting in potential fees and loss of value. Liquidation of fractional shares may also result in tax consequences. Please consult your tax advisor for more information regarding potential tax consequences of investing in fractional shares. Fractional shares cannot be put into certificate form and mailed. For additional information regarding the unique risks and limitations of fractional shares, please see your Cash App Investing Customer Account Agreement.

Lists and Following

Corporate logos and pre-followed companies in your Following list example companies are shown to demonstrate the functionality of Cash App and Cash App Investing LLC, and do not reflect affiliation with any third party or any recommendation by Cash App Investing LLC. Stock lists, including “Most Traded Monthly” and “Biggest Daily Movers” are generated using market data and are for informational purposes only. "Biggest Daily Movers" excludes penny stocks, which are defined as companies with either a market capitalization below $500 million or a current share price below three dollars. Pre-followed companies in your Following list represent well-known companies across a range of industries based on third party sources. You may remove or add companies (including the pre-populated companies) to or from your Following list at any time. Stock symbols, corporate logos, and Following examples are for informational purposes only and do not constitute a recommendation to buy or sell any security or other asset. Cash App does not guarantee the accuracy, timeliness or completeness of any market data or third-party information.

Cash App Stock Gifts

From time to time, Cash App may send a “stock gift” to customers. A stock gift is an amount of fiat transferred by Cash App to be used solely for a self-directed purchase of a security through Cash App Investing. The transfer is not a security itself and the recipient is not receiving anything other than fiat funds; Cash App is not transferring or gifting any asset besides the fiat funds. Cash App Investing is an entirely self-directed brokerage service and account holders are solely responsible for trades placed for their accounts. The trade placed to acquire the security is entirely at the direction and instruction of the customer.

Stock gift amounts may only be used for the purchase of the designated security and the recipient may not have the option to accept cash in lieu. If the stock gift amount is not used for the purchase of the security it will be forfeited. Recipients who choose not to place a trade to purchase the security or are unable to open a brokerage account with Cash App Investing will not receive any other consideration in replacement.

The particular security chosen by Cash App for any individual stock gift will be chosen randomly from a list of publicly-traded stocks (the “Stock Pool”) generated using objective criteria applied to market-wide data. The security and the Stock Pool do not constitute a recommendation to buy or sell any security or asset. Cash App Investing does not make recommendations or provide investment advice.

The amount of the security purchased by the recipient may lose value, and any lost value will not be reimbursed or replaced by Cash App. You will have to sell the security in order to receive any cash value. Selling shares may have tax implications, and Cash App will not provide any reimbursement or compensation for the tax consequences of selling the security. If you have questions about your particular tax situation you should consult a tax advisor.

Portfolio Performance

The portfolio performance screen represents your Cash App Investing portfolio performance only at a specific point in time. Portfolio performance will fluctuate, and you may have a gain or loss when shares are sold. Your portfolio performance is reflected on a gross basis and does not reflect the impact of any applicable taxes. Performance data shown represents past performance and is not a promise or indication of future results.

Market Data

The information regarding securities and securities prices we provide is made available by third party sources and is for informational purposes only. Price quotes may be delayed fifteen (15) minutes or longer. Cash App does not guarantee the timeliness, accuracy, completeness, reliability, or content of any market data or third-party information.

Information from stock analysts is provided for informational purposes only. The number of analysts covering a company depends on a variety of factors, including the company’s size and trading volume. Larger companies tend to be covered by more analysts than smaller companies which may be covered by a few or none. Analysts’ earnings projections are not guaranteed, and are not recommendations to buy, hold, or sell any security or asset. Cash App Investing does not provide investment advice or recommendations.

The Analyst Opinions information, including the rating and the number of analysts contributing to the rating, are provided by a third-party, FactSet Research Systems Inc. (“FactSet”) via Xignite. To establish the rating, FactSet collects ratings from a number of stock analysts covering the company and assigns to each rating a numeric value. The analysts’ ratings are then aggregated to determine a “consensus” rating (the “Moderate Buy” and “Moderate Sell” ratings match FactSet’s “Overweight” and “Underweight” ratings, respectively). The number of analysts covering a company depends on a variety of factors, including the company’s size and trading volume. Larger companies tend to be covered by more analysts than small companies which may be covered by a few or none. Because multiple analyst ratings are used to determine a consensus rating, some analysts may have rated the company with a higher or lower rating than the consensus. Ratings are provided only for companies with three or more analyst ratings. The ratings summarize broker recommendations over the past 100 days. Additional details on the Analyst Opinions information provided by FactSet via Xignite is available here. Analyst Opinions information is provided for informational purposes only, is not a guarantee of a stock’s future performance, and is not a recommendation to buy, sell, or hold any security or asset. Cash App Investing does not guarantee the accuracy, timeliness, or completeness of any third party information, including the Analyst Opinions information, and it should not be relied upon for purposes of making investment decisions. Cash App Investing does not make recommendations or provide investment advice.