PurpleCreator, Inc. (the “Company”) is not a broker or dealer as per the US Securities Exchange Act of 1934, and is not licensed or regulated as such. Consequently, the Company uses a rigorous internal multi-point compliance framework, and consults with counsel, to ensure that none of the cryptographic assets the Company lists on its platform and related applications are securities under US law (under the Howey test and SEC guidance). However, the Company makes no guarantees as to the status as securities of any asset of any kind listed on its platform or related applications. Users are expected to perform their own research, and determine to their own satisfaction with regard to their own legal jurisdiction, the classification and legality of any cryptographic asset listed on the Company’s platform or applications.
The Company, out of an abundance of caution, works with third-party providers to ensure that its users have not been identified as Specially Designated Nationals or placed on any sanctions list by the U.S. Treasury Department’s Office of Foreign Assets Control, the U.S. Commerce Department, the U.S. Department of State, or any other governmental organization. Consequently, the Company requires users to submit information sufficient to satisfy the “know your customer” / “anti money laundering” (KYC/AML) regimes of the Company and its third-party providers. Users who are unable or unwilling to submit required information sufficient to satisfy the KYC/AML regimes previously described are not permitted to use the Company’s platform or applications.
The Company also works closely with its third-party providers to ensure that any activity that could be considered money transmission or that would require the Company to be licensed as a Money Services Business in the US is either blocked by the Company’s platform or is performed by a properly licensed third-party provider. However, the Company makes no guarantees as to the legality of any user activity under any federal or state money transmission or money services law or regulation. Consequently, users are responsible for ensuring that their own actions are legal in any relevant jurisdictions.
No information contained in the publicly available portions of the platform or applications is a recommendation, solicitation or offer to buy or sell any securities, options or other financial instruments or other assets or provide any investment advice or service. No statement herein made constitutes an offer to sell or a solicitation of an offer to buy a note or other security. The Company and its affiliates are not liable nor responsible for any information provided by third parties. The information contained in the platform and applications has been prepared without reference to anyone’s investment requirements or financial situation.