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An approval or denial of an Initial Public Offering (IPO) or Secondary Public Offering (SPO) of stock by Capital Exchange and the Capital Exchange Regulatory Commission (CERC) is not an endorsement or rejection of a company or fund's investment worthiness. Approval or denial is based preliminarily on due diligence and ensuring compliance with the rules and regulations of Capital Exchange.

A listing is considered through application review, management interviews, and where warranted investigation. It is then voted on in good faith, based on information presented by a fund or company's management. You are hereby advised that Capital Exchange and the Capital Exchange Regulatory Commission disclaim any and all liability in connection to an individual company or fund’s actions, investment worthiness or performance.

All investors are expected to conduct their own due diligence and consider their investment risks and objectives before investing in funds or companies listed at the Capital Exchange Stock Market Simulation Game. All potential applications are presented to the public at the same time as the CERC to allow for concurrent due diligence efforts. By purchasing virtual stock through slcapex.com, you agree to the terms and conditions set forth at slcapex.com/content/info.