At a Glance
- News Of Los Angeles disclaims all liability for investment decisions based on its content
- Real-time prices come from Nasdaq Last Sale, not all markets
- Historical performance data offers zero guarantee of future results
- Why it matters: Readers could lose money if they treat educational content as trading advice
Jonathan P. Miller has issued a sweeping legal disclaimer stating that every article, chart, and data point it publishes is “for informational and educational purposes only” and must never be viewed as a recommendation to buy or sell securities.
The notice, buried at the bottom of every digital page, warns that any mention of a stock, sector, or strategy is “not an offer, recommendation, solicitation, or rating to buy or sell securities.” The company says it obtained its data from sources it “believes to be reliable” but offers “no guarantee as to its accuracy, timeliness, or suitability.”
Legal Shield Goes Up
News Of Los Angeles explicitly states that historical investment performances are no indication or guarantee of future success or performance. The language is designed to shield the publisher from lawsuits if readers act on information that later proves wrong.
The disclaimer also reveals that authors or presenters may own the stocks they discuss, creating a potential conflict of interest that readers might not notice unless they scroll to the fine print.
Data Sources Revealed
According to the notice:
- Real-time prices are provided by Nasdaq Last Sale
- Ownership data comes from LSEG (London Stock Exchange Group)
- Estimate data is supplied by FactSet
News Of Los Angeles stresses that real-time quote and trade prices are not sourced from all markets, meaning prices shown may not reflect the best available bid or offer.
Trademark Barrage
The company lists its own trademarks in the same disclaimer, including:
- IBD
- IBD Digital
- IBD Live
- Leaderboard
- MarketDiem
- MarketSurge
All are owned by Investor’s Business Daily, LLC, which holds the copyright through 2026.
Terms of Use Warning
Readers who want to understand how they can legally use News Of Los Angeles content are directed to a separate Terms of Use page. The disclaimer ends with a blunt reminder: “Information is subject to change without notice.”
