By using this site, you signify your assent to the following terms and conditions of use without limitation or qualification. The terms and conditions set forth below are applicable to your visit to and use of AB's website, including but not limited to any discussion boards, public forums and/or blogs contained therein. Any additional terms or conditions that are posted on specific areas of this site are deemed to be incorporated into these terms. If you do not agree to these terms, do not use this site. Please read these conditions carefully before using this site.
The information provided on AB's site is provided "AS IS" and without warranties of any kind, either expressed or implied. To the fullest extent permissible pursuant to applicable law, AB disclaims all warranties, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. AB does not warrant, either expressly or impliedly, the accuracy or completeness of the information, text, graphics, links or other items contained on this site, and AB expressly disclaims all liability for errors and omissions in these materials and for the use or interpretation by others of information contained on the site.
AB will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site. Neither AB, nor any of its affiliates, directors, officers or employees, nor any third-party vendor retained by AB will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of AB or of any vendor providing software or support services for this site.
In no event will AB, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential or incidental damages or any other damages of any kind, even if AB or any other party has been advised of the possibility thereof. Nothing contained in AB's site constitutes investment advice. Neither the information nor any opinion contained in this site constitutes a solicitation, recommendation or offer by AB or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Decisions based on the information contained on AB's site are the sole responsibility of the visitor, and in exchange for using AB's site, the visitor agrees to hold AB harmless against any claims for damages arising from any decisions that the visitor makes based on such information.
Notwithstanding these provisions, you are not entitled to access the site if doing so would involve a breach of law by you or us in any country. It is your responsibility to be aware of the relevant laws and regulations.
At any time, AB may revise these terms and conditions by updating this posting. You are bound by any such revisions and should therefore periodically visit this page to review the updated terms.
Our Terms and Conditions
This website is proprietary and you may not copy anything on it
This website is owned and operated by AB. Except as otherwise permitted by AB, no materials from this site may be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way. You may download material displayed on this site only provided you also retain all copyright and other proprietary notices contained on the materials. You may not distribute, modify, transmit, reuse, repost or use the content of this site for public or commercial purposes, including the text, images, audio and video, without AB's written permission. Modification or use of the materials for any other purpose violates AB's intellectual property rights.
The registered and unregistered trademarks, logos and service marks (collectively, the "Trademarks") displayed on the site, including the AB logo, are trademarks of AllianceBernstein L.P., its licensors or third parties, except as explicitly noted.
AB neither warrants nor represents that your use of the materials displayed on this site will not infringe on the rights of third parties not owned by or affiliated with AB. Nothing contained on the website should be construed as granting, by implication, estoppel or otherwise, any license or right to use any trademark displayed on this website without the written permission of AB or the owner of the trademark.
Images displayed on this website are either the property of, or used with permission by, AB. The use of these images by you, or anyone else authorized by you, is prohibited unless specifically permitted. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes. If you download any information from this site, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.
You are hereby advised that AllianceBernstein L.P. will aggressively enforce its intellectual property rights, including pursuing all remedies available under civil and criminal law.
We are not liable to you
The information on this site is provided for informational purposes only. While AB seeks to provide accurate and timely information, there may be inadvertent technical or factual inaccuracies and typographical errors. AB does not represent that the material on this website is accurate, current or complete, and it should not be relied upon as such. We reserve the right to make changes, deletions and corrections at any time without notice.
To the fullest extent permissible pursuant to applicable law, AB disclaims all warranties, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. AB does not warrant, either expressly or implicitly, the accuracy or completeness of the information, text, graphics, links or other items on this site, and AB expressly disclaims all liability for errors and omissions in these materials and for the use or interpretation by others of information on the site. AB will not be responsible for any loss or damage that could result from interception by third parties of any information made available via this site.
Neither AB, nor any of its affiliates, directors, officers or employees, nor any third-party vendor retained by AB will be liable or have any responsibility of any kind for any loss or damage incurred in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein, or from any other cause relating to access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of AB or of any vendor providing software or support services for this site.
This site does not provide any investment or tax advice or recommendations
Nothing on this website constitutes investment advice. Neither the information, nor any opinion contained on this site constitutes a solicitation or offer by AB or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
This website also does not constitute, and should not be considered to be, tax advice. Depending on each country and local jurisdiction, tax rules are complicated, and their impact on a particular individual may differ depending on the individual's specific circumstances. Investors should consult with their legal or tax advisor regarding their specific situations.
Decisions based on information on this website are the sole responsibility of the visitor, and in exchange for using this website, the visitor agrees to hold AB harmless against any claims for damages arising from any decisions that the visitor makes based on such information.
We use anonymous "cookies" to collect general usage information
The website places an anonymous "cookie"—a small computer file—on your computer while you are using the website. These cookies allow us to understand how many individuals visit the site, how frequently they return and what information they view most often.
These cookies do not reveal your identity to us or provide us with personally identifiable information about your use of the site. You can delete the cookie from your computer by clicking the "Log Out" button in the navigation bar when you leave the site.
Our website email employs personal "cookies" to collect personal information
Website email messages sent by AB include an encrypted file containing your contact information. If you choose to visit the site by clicking on a link in the email, the site places a personal cookie on your computer, allowing us to collect personally identifiable information about your use of the site.
The information you provide when you register must be correct
If you choose to register to use the site, you agree (a) to provide true, accurate, current and complete information about yourself when prompted by our registration form or any other form we ask you to complete at any time, and (b) to maintain and update promptly any personal information on the site so as to keep it true, accurate, current and complete.
Do not share your username and password
If you register, no one other than you is authorized to use your username or password. You must keep your username and password confidential and take all reasonable precautions to prevent the unauthorized use thereof. If you suspect anyone else has used or is using your username or password, you must notify us immediately.
Registration verifies your identity and allows us to collect personal information
When you register for the website and when you are logged in, a personal cookie is placed on your personal computer. The cookie contains an encrypted version of your login information, which allows the site to identify you. These cookies allow us to:
- Verify your identity for access to privileged information.
- Understand how you and other registrants use the website and web email.
We may deny access to the site
AB reserves the right to terminate your access to the site at will and without notice, in whole or in part, at any time. In the event of a termination, AB shall have no liability to you and no refund for any pre-paid amounts will be given.
You must not misuse the site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorized access to the site, or to restricted areas of the site, the server on which the site is stored or any server, computer or database connected to the site. You must not attack our site via a denial-of-service or distributed denial-of-service attack, or take any action with similar effect.
We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the site or to your downloading of any material posted on it, or on any website linked to it.
Communicating with us via the site
Email submitted to this site should be considered neither secure nor confidential. AB makes no representation whatsoever concerning the security or confidentiality of your email messages, and specifically makes no representation that any email message submitted through this site will be received by AB.
Any communications or material you transmit to this website by electronic mail or otherwise, including data, questions, comments or suggestions, will be treated as nonconfidential and nonproprietary and will become the property of AB or its affiliates. Such communications or material shall be used for any purpose, including, but not limited to, reproduction, disclosure, transmission, publication, broadcast and posting. Furthermore, AB is free to use any ideas, concepts, know-how or techniques contained in any communication you send to this website for any purpose whatsoever, including, but not limited to, developing and marketing products using such information.
The information contained on the AB blog may be provided by parties unrelated to AB, and the opinions expressed are not necessarily those of AB. AB neither warrants nor represents that the content of this blog is accurate or reliable.
Users of this blog are solely responsible for their interactions with, and information provided to, other users. AB is not involved in, a party to, or responsible for any communications, interactions or transactions, regardless of the medium conveyed, between you and any user of this site, or any disputes arising therefrom. AB will not be liable for any damages arising from your reliance on the content of this blog, or the use or misuse, by any third party, of personal confidential information that you voluntarily disclose on this blog.
We are not responsible when you follow a link from our site
Should you leave this site via a link contained herein, and view content that is not provided by AB, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy or otherwise reviewed by AB. AB is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. AB makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.
Ownership of other materials
Adobe®, Acrobat®, Acrobat® Reader, and the Acrobat logo are trademarks of Adobe Systems Incorporated. Microsoft® and Internet Explorer are trademarks of Microsoft Corporation. Morningstar® is a trademark of Morningstar, Inc. Netscape Navigator® is a trademark of Netscape Communications. Standard & Poor's®, S&P®, Standard & Poor's 500, S&P 500®, are trademarks of The McGraw-Hill Companies, Inc.
Integration and severability
If any provision of these terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions. The preceding terms and conditions of use represent the entire agreement between AB and the user relating to the subject matter herein.
Annual privacy notice
At AB, protecting the privacy and confidentiality of our clients' personal information is a priority. We understand that you have entrusted us with your private financial information, and we do everything possible to maintain that trust. The following sets forth the details of our approach to ensuring the confidentiality of your personal information.
- We never sell client lists or information about our clients (or former clients) to anyone.
- In the normal course of business we collect information about our clients from the following sources: (1) account documentation, including applications or other forms (which may include information such as the client's name, address, social security number, assets and income), and (2) information about our clients' transactions with us (such as account balances and account activity).
- We have strict policies and procedures to safeguard personal information about our clients (or former clients), which include (1) restricting access and (2) maintaining physical, electronic and procedural safeguards that comply with federal standards for protecting such information.
- To be able to serve our clients and to provide financial products efficiently and accurately, it is sometimes necessary to share information with companies that perform administrative services for us or on our behalf. These companies are required to use this information only for the services for which we hired them, and are not permitted to use or share this information for any other purpose.
Past performance is not necessarily a guide to future returns, and no representation or warranty, express or implied, is made regarding future performance. The value of investments and any return from them can go down as well as up. You may not get back the amount originally invested. Some investments discussed on this site may have a high level of volatility. High-volatility investments may experience sudden and large falls in their value, causing losses when that investment is realized. Those losses may equal your original investment. Indeed, in the case of some investments, the potential losses may exceed the amount of the initial investment and, in such circumstances you may be required to pay more money to support those losses.
Income yields from investments may fluctuate and, in consequence, the initial capital paid to make the investment may be used as part of that income yield. Some investments may not be readily realizable and it may be difficult to sell or realize those investments. Similarly, it may prove difficult for you to obtain reliable information about the value or risks to which such an investment is exposed.