Legal disclaimer and risk authority

Discretionary Authority: Shockwave Capital reserves the absolute and sole discretion to determine compliance with all trading rules, risk management protocols, and operational guidelines. Our risk management team maintains final authority over all trading activity assessments, account status determinations, and monetization decisions.

No Guarantee of Compensation: Participation in our evaluation programs and funded trading opportunities does not constitute a guarantee of compensation, profit sharing, or continued account funding. All trading activities are subject to our comprehensive risk assessment and compliance review processes.

Not Investment Products: Our challenge programs and funded trading accounts are not investment products, securities, or financial instruments. Participants do not hold an ownership interest in the firm.

This discretionary authority framework is standard practice across the proprietary trading industry. Shockwave Capital distinguishes itself by providing transparent disclosure of these policies, unlike many competitors who maintain similar authority without explicit communication to participants.

By participating in our programs, you acknowledge and accept these terms, our comprehensive risk management framework, and all trading rules, objectives, and operational guidelines outlined herein.