WhoTraded

Legal

Terms of Service

Draft, November 12, 2026. Pending legal review.

The short version: every congressional trade on WhoTraded is free and public. Federal law limits how anyone may use those reports, so please read section 2. Pro pays for our tools, not for the public records. Nothing here is investment advice. See also the Privacy Policy and how we handle the data.

1. Who we are

WhoTraded (whotraded.com) is an independent news and information publication operated by C6 Labs LLC ("WhoTraded", "we", "us"). We report the stock trades that members of Congress and corporate insiders are legally required to disclose, so the public can see them.

By using the site, the dashboard, our emails or any other WhoTraded service (the "Service"), you agree to these Terms. If you do not agree, do not use the Service.

2. Congressional disclosure data

Trades by members of Congress come from periodic transaction reports filed with the Clerk of the House and the Secretary of the Senate. These reports are public records published under the Ethics in Government Act of 1978 and the STOCK Act. WhoTraded publishes them free of charge to the general public, with no account required, as news.

Federal law (5 U.S.C. 13107(c)) makes it unlawful for any person to obtain or use these reports: (a) for any unlawful purpose; (b) for any commercial purpose, other than by news and communications media for dissemination to the general public; (c) to determine or establish the credit rating of any individual; or (d) directly or indirectly, to solicit money for any political, charitable or other purpose. The Attorney General may bring a civil action against anyone who does, and a court may impose a penalty.

You agree not to use any congressional disclosure information you obtain through the Service for any of those purposes. You are responsible for your own compliance with this law.

Pro subscriptions pay for WhoTraded's software tools (alerts, follows, exports and analytics) and for insider data from SEC filings. We do not charge for access to congressional disclosure reports, and every congressional trade on WhoTraded remains free to read.

3. Insider and market data

Corporate insider trades come from Forms 3, 4 and 5 filed with the U.S. Securities and Exchange Commission on EDGAR. Price data comes from third-party providers and may be delayed or end-of-day.

Dollar totals for congressional trades are estimates based on the midpoint of each disclosed range. Returns, buy share and other signals are calculations by WhoTraded, not figures reported by the filer.

4. Our content and your license

The underlying public records belong to no one. WhoTraded's own work does belong to us: the compilation, cleaning, ticker matching, calculations, signals, text, design and software of the Service.

We give you a limited, personal, non-commercial, non-transferable license to view and use the Service, and to export data you are entitled to export for your own personal research. Except as federal law allows for the underlying public records, you may not, without our written permission: copy, scrape, crawl or bulk-download the Service; redistribute, resell or republish WhoTraded data, signals or exports; or use them to build or train a competing product or dataset.

Journalists, researchers and educators may quote and cite individual trades and charts with attribution and a link to WhoTraded.

5. Not investment advice

WhoTraded is a general publication. We are not a broker-dealer or an investment adviser, and nothing on the Service is a recommendation to buy, sell or hold any security, or advice tailored to you.

Disclosures can arrive weeks after the trade. Members of Congress have up to 45 days to report, and some file later. Past trades by any person tell you nothing certain about future prices. Make your own decisions, and consider talking to a licensed professional.

6. Accuracy and corrections

We link every trade to its source filing and work to report it accurately. Filings contain errors, paper filings are transcribed, and our matching can be wrong. The source filing controls when it and WhoTraded disagree.

A flag such as "traded near committee activity" is a statement about dates in public records. It is not an allegation of wrongdoing by anyone. To request a correction, email [email protected] with a link to the trade.

7. Accounts

You need an account to follow people or tickers and to receive alerts. Give accurate information, keep your login secure, and tell us if your account is compromised. One person per account. You must be at least 18.

8. Pro subscriptions and billing

Pro costs $15 per month or $129 per year, plus any applicable tax, billed in advance through Stripe. It renews automatically until you cancel.

You can cancel any time from Settings. You keep Pro until the end of the period you paid for. Except where the law requires otherwise, payments are non-refundable. If we change the price, we will email you at least 30 days before it applies to your next renewal.

9. Acceptable use

Do not misuse the Service. Do not break the law with it, interfere with or overload it, get around rate limits or paywalls, access other people's accounts, or use automated tools to access it except through an API we provide for that purpose. Do not use WhoTraded to harass, threaten or stalk anyone named on it.

10. Suspension and termination

We may suspend or close an account that breaks these Terms. You can delete your account at any time from Settings. If we end a paid subscription for reasons other than a breach of these Terms, we will refund the unused part.

11. Disclaimers and limitation of liability

The Service is provided "as is" and "as available", without warranties of any kind, express or implied, including accuracy, completeness, timeliness, merchantability or fitness for a particular purpose.

To the fullest extent the law allows, WhoTraded is not liable for any trading or investment loss, or for any indirect, incidental, special, consequential or punitive damages. Our total liability for any claim is limited to the greater of the amount you paid us in the 12 months before the claim, or $100.

12. Indemnity

You agree to defend and indemnify WhoTraded against claims arising from your misuse of the Service or your breach of these Terms, including any use of congressional disclosure data that federal law prohibits.

13. Changes, law and contact

We may update these Terms. If a change is material, we will tell you by email or on the site before it takes effect. These Terms are governed by the laws of the State of California, without regard to its conflict-of-law rules.

Questions: [email protected].