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The information contained in Turul Research and any associated materials (collectively, the “content”) is provided for informational and educational purposes only. By accessing, reading, or using any content arising from Turul Research, you acknowledge and agree to be bound by the terms of this disclaimer and other associated documents of Turul Research available on its Substack.
Not Investment Advice
The Content does not constitute investment advice, financial advice, trading advice, or any other form of advice. Nothing in Turul Research should be construed as a personal recommendation or advice to buy, sell, or hold any financial product. All content is provided for general informational and educational purposes only and should not be relied upon for making investment decisions. The author may hold — and may buy or sell without notice — securities, derivatives, or other instruments referenced. Informations from all content is believed accurate but provided “as is” without representations or warranties; inaccuracies, errors or omissions may occur. Past performance is not indicative of future results. No investment advisory, fiduciary, or similar relationship is created between Turul Research and any reader through the provision of this content. Turul Research is not acting as your investment adviser, financial planner, broker, or fiduciary in any capacity. Do your own research (DYOR) and consult with a qualified, licensed adviser who understands your circumstances before acting on this content. You agree that you are fully responsible for any and all decisions you make based on the content provided by Turul Research. To the fullest extent permitted by law, the author and publication disclaim liability for any loss arising from reliance on this material.
Risk Warnings
Investment Risk: All investments involve risk, including the potential for loss of total capital. Past performance is not indicative of future results. The value of investments and any income from them may fluctuate, and you may not recover the amount originally invested. Do not invest more than you can afford to lose. Prior to making any financial decisions, you must thoroughly consider your financial situation, investment objectives, conduct research, and consult with a qualified, licensed adviser
Market Risk: Financial markets are volatile and unpredictable and market conditions can change rapidly, and investment values can fluctuate significantly. Investors may experience gains or losses, including the potential loss of principal.
Currency Risk: Investments denominated in foreign currencies are subject to currency exchange rate fluctuations.
Platform Risk: All of the platforms designed to operate on the financial markets may experience disruptions, outages, or major failures. These events could affect access, transaction execution, or service availability.
Content Delivery Method
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Audience Restrictions
The content is not directed to, or intended for use by, any person in any jurisdiction where such distribution or use would be unlawful or contrary to applicable regulations. The content is intended for your individual, non-commercial use only. You may not redistribute, resell, or commercially exploit the content in any form. All content is protected copyright. You may not reproduce, distribute, modify, or create derivative works from the content without prior written permission by Turul Research.
Regulatory Compliance
Turul Research is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any regulator. No content should be construed as a solicitation, recommendation, or offer to buy or sell any financial product. Turul Research is an independent research firm registered in the Bahamas, as an international business company.
Sources and Accuracy
While Turul Research strives to ensure the accuracy and reliability of the Content, no representation or warranty is made regarding its completeness, accuracy, or timeliness. Information may be obtained from third-party sources we consider reliable, but we cannot guarantee their accuracy. All Content is provided “as is” and may contain inaccuracies, omissions, or outdated information. Turul Research reserves the right to correct such issues and update the content without prior notice.
Limitation Liability
Turul Research and its affiliates shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from or relating to your use of the content, including but not limited to:
Investment losses or missed opportunities
Inaccuracies, incompleteness, or errors in the content
Technical difficulties, delays, or interruptions
Any actions taken based on the content
Content Delivery Disclaimer
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Conflicts of Interests
The author may hold and may buy or sell without notice — securities, derivatives, or other instruments referenced — mentioned in the content. Such positions are subject to change without notice. We are under no obligation to update, disclose, or provide notice of any changes in our portfolio holdings.
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Governing Law
Users are responsible for ensuring that they comply with the laws and regulations of their jurisdiction. The Company and the website visitor agree to attempt to resolve any disputes through mutual negotiations. In such a case, the customer shall contact us by sending an email to info@turulresearch.com describing the dispute, and we shall reply within 30 calendar days. This Agreement is governed by the laws of the Commonwealth of the Bahamas. The exclusive jurisdiction for any disputes arising from this Agreement shall be the courts of the Bahamas, with appeals as permitted to the Bahamian Court of Appeal.
Last updated: March 22, 2026.

