Risk Disclosure Statement
Argent, LLC ("Argent") wants you to be aware of the risks associated using our services and our integration with Robinhood. We have summarized these below. You should read and understand these risks before you use any of our services. The Internet-related technological risks arising from using our site and services to place orders fall into three categories: (a) risks related to our software; (b) risks related to our computing and communications infrastructure; and (c) risks related to your software, hardware, and Internet connectivity. It is your obligation to thoroughly and continually monitor the operation of any orders placed through this website to ensure it is running properly, to your standards, and in compliance with any applicable rules.

a. Our Software Might Fail or not Work Properly.

i. All software is subject to inadvertent programming errors and bugs embedded in the code comprising that software. Any of these errors and bugs can cause the software in which they are located to fail or not work properly. The applications and software used to operate our site is subject to this risk. Despite testing and ongoing monitoring and maintenance, inadvertent errors and bugs may still cause a failure in our software.
ii. We may update or revise our software in ways that cause some of its functionality or features to be lost or diminished. Any such loss or diminution could make our services less valuable to you, cause certain functions and features in your orders to fail, and require you to change your orders and related trading strategies.

b. Our Computing and Communications Infrastructure may Fail.

The operation of our site depends heavily on our infrastructure of computing and communications systems. The operation of this infrastructure is subject to several risks:
i. Any or all of the systems comprising our infrastructure could entirely or partially fail, function erratically, or function very slowly (thereby leading to latency, i.e., delays in receipt of and response to user requests).
ii. We may inadvertently cause a systems failure during planned or unplanned system maintenance.
iii. We may undertake software upgrades, either planned or unplanned, that take longer to implement or that causes your computer system or Internet connectivity to fail.
iv. We may change or remove functions and features whose change or removal causes your system to fail, function erratically, or function very slowly.

c. Your Computer System and your Internet Connectivity may Fail.

Any of the components of your computer system and/or your internet connectivity could fail entirely, function erratically, or function very slowly. The result of any of these occurrences could make it difficult or impossible for you to access our site or use our services. By using our services you are engaging in automated trading by placing real orders through Robinhood. Engaging in live trading subjects you to (a) the risks associated with trading generally, and (b) the risks associated with live automated trading using our site and services.
THE OCCURRENCE OF ANY OF THE EVENTS ASSOCIATED WITH THESE RISKS, ALONE OR IN COMBINATION WITH ANY OF THE OTHER RISKS DESCRIBED IN THIS DISCLOSURE STATEMENT, COULD RESULT IN THE LOSS OF ALL OF THE MONEY YOU HAVE DEPOSITED IN YOUR ROBINHOOD ACCOUNT. LOSSES CAN HAPPEN MORE QUICKLY WHEN USING AUTOMATED TRADING THAN OTHER FORMS OF TRADING. YOU SHOULD DISCUSS WITH AN INVESTMENT PROFESSIONAL THE RISKS OF TRADING IN GENERAL AND AUTOMATED TRADING IN PARTICULAR. YOU USE THE SERVICES OF THIS WEBSITE AT YOUR OWN RISK AND IT IS YOUR OBLIGATION TO THOROUGHLY AND APPROPRIATELY TEST ANY STRATEGIES BEFORE YOU PLACE ORDERS ON THIS WEBSITE AND TO CONTINUALLY MONITOR THE OPERATION OF ANY OPEN ORDERS TO ENSURE IT IS RUNNING PROPERLY AND IN COMPLIANCE WITH ANY APPLICABLE RULES.

a. Risks of Trading, Generally

You may incur losses (or fail to gain profits) while trading securities. You should discuss the risks of trading with a broker-dealer at Robinhood or other investment professional. We provide you only with trading technology and can provide no investment, financial, regulatory, tax or legal advice.

b. Certain Risks of Live Automated Trading

In addition to all of the risks described above, live automated trading is subject to the following types of types of risk:
i. We Cannot Assure Actual Results. It is not possible for a computer model to truly predict what might have happened if an automated trading strategy was in play in a live trading environment. For example, the implementation of such a strategy can itself have an impact on the market, and the model may fail to account for real-life factors that impact the model. Moreover, the model may fail to account for execution costs including broker commissions, fees, and trading slippage. And, in a live trading mode, your broker may not permit orders or actions that were executed in the model.
ii. The relevant market might fail or behave unexpectedly. Market centers in which you seeking to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors. Your orders might suffer from adverse market conditions. Those conditions can include lack of liquidity, and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and mid-day trading pauses, and other such disruptive events.
iii. Robinhood may experience failures in its infrastructure, fail to execute your orders in a correct or timely fashion, reject your orders, or fail to comply with applicable laws and regulations. Robinhood’s infrastructure and/or applications program interface (API) to which we connect the system on which you are placing your orders might fail. In addition, even if Robinhood’s infrastructure and API are working correctly, Robinhood may reject orders in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports). You should refer to Robinhood’s agreement between Robinhood and you for how, if at all, any losses arising from these risks are allocated between Robinhood and you. We bear no responsibility for this. If Robinhood fails to comply with laws and regulations applicable to trading in general and automated trading in particular, or if Robinhood disallows automated trading from our website and services, trades for your account that were previously permitted may be disallowed without warning. The Financial Industry Regulatory Authority (FINRA) is engaged in increasing its surveillance of automated trading and could promulgate rules that increase the risk of compliance failure by Robinhood.
iv. The system you use for generating trading orders, communicating those orders to Robinhood, and receiving queries and trading results from Robinhood may fail or not function in a correct or timely manner. The substance of your orders to buy, sell, correct, or cancel might not be what you desired because of errors in the automated trading system that you are using. Such errors could include various incorrect parameters. Even if the substance of your orders is correct, because of errors in your system, your desired orders might not be placed at all or might be placed too early or too late. Latency (i.e., delays) within and between your system, as well as those of your broker and the market in which you seeking to effect trades, might cause orders, corrections, and cancels to be placed or not placed in ways that are not desired. You may receive incorrect information, or be unable to get information, about your orders, your positions, or market conditions. Incorrect actions may be taken, or correct actions may not be taken, because of inaccurate or missing information. In addition, you may be unable to terminate or edit your orders.
v. The systems of third parties in addition to those of the provider from which we obtain data, writing, testing, and implementation services, data from Robinhood, and the applicable securities market may fail or malfunction. Automated trading depends on the availability of various services from third parties in addition to your automated orders and broker. These, for example, include providers of data services (ex: IEX, QUODD), computational services, and network connectivity. The operations of these third parties are beyond all of our reasonable control. Regardless of the reason for any failure by Robinhood, the market in which you seek to have trades executed, or these other third parties, we will not have any liability for any such failure.
Accurate and complete real-time price data is critical for the success of automated trading. The systems of these data providers could experience failures, errors, and latency, which could result in missing, incorrect, or stale market data.
In some cases, providers of automated services may rely on third parties to meet the computational needs entailed by automated trading.
Your ability to engage in automated trading through Internet-based services depends critically on network connectivity between you, Robinhood, the other third party service providers described above, and the applicable markets.
Any failures or delays in the third-party data, computational, and connectivity services described here could materially and adversely affect your ability to successfully engage in automated trading.
vi. Malicious and criminal activities might cause your orders and strategies to fail or your Robinhood account to be compromised. All computers and networks are subject to malicious “hacking” attacks and criminal activities designed to misappropriate intellectual property, compromise personally identifiable information, steal funds, or any combination of such purposes. These attacks might be attacks on a target of opportunity or specifically targeted. Each of the various systems described above that are necessary for you to engage in automated trading is subject to such attack. Any such attack could cause the system so attacked to function improperly or not at all and could result in the misappropriation of your intellectual property, the compromise of your personally identifiable information and personal financial information, and the theft of your funds.