https://ui-helper--stoxra.replit.app/assets/legal-compliance-BGzzhALA.js

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1,animate:{opacity:1,y:0},transition:{duration:.5},children:[e.jsxs("div",{className:"mb-8",children:[e.jsxs("div",{className:"inline-flex items-center gap-2 px-3 py-1 rounded-full bg-emerald-500/10 border border-emerald-500/20 text-xs text-emerald-400 mb-4",children:[e.jsx(i,{className:"w-3.5 h-3.5"}),"Regulatory Disclosures"]}),e.jsx("h1",{className:"text-3xl md:text-4xl font-bold text-white mb-2","data-testid":"text-compliance-heading",children:"SEBI-Style Compliance & Disclosures"}),e.jsx("p",{className:"text-sm text-white/40",children:"Last updated: February 10, 2026 · 7 Mandatory Disclosure Sections"}),e.jsx("p",{className:"text-sm text-white/50 mt-3",children:"Stoxra follows SEBI-inspired disclosure standards to maintain transparency about the educational nature of our paper trading platform. The following 7 mandatory disclosures cover all aspects of risk, regulation, and usage guidelines."})]}),e.jsxs("div",{className:"space-y-10 text-white/70 text-sm leading-relaxed",children:[e.jsxs("div",{id:"risk-disclosure",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-red-500/10 border border-red-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(u,{className:"w-5 h-5 text-red-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-red-400 font-medium",children:"Section 1 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"Risk Disclosure"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-red-500/5 border border-red-500/15 space-y-3",children:[e.jsx("p",{className:"text-red-400 font-semibold",children:"⚠️ IMPORTANT: Please read this risk disclosure carefully."}),e.jsx("p",{children:"Stock market investments and trading involve significant financial risk. The value of securities can fluctuate rapidly due to market volatility, economic conditions, geopolitical events, and company-specific factors."}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsx("span",{children:"Markets can experience sudden and severe declines. You could lose all or a substantial portion of your real investments."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsxs("span",{children:["Past performance — whether virtual or real — is ",e.jsx("strong",{className:"text-white",children:"not indicative of future results"}),"."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsx("span",{children:"Derivatives trading (options, futures) carries particularly high risk and is not suitable for all investors."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsx("span",{children:"Never invest money you cannot afford to lose in real markets."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsx("span",{children:"Consult a SEBI-registered financial advisor before making any real investment decisions."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-red-400 mt-1",children:"●"}),e.jsx("span",{children:"Virtual trading success on Stoxra does not guarantee success in real markets due to differences in execution, slippage, and market impact."})]})]})]})]}),e.jsxs("div",{id:"educational-purpose",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-blue-500/10 border border-blue-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(m,{className:"w-5 h-5 text-blue-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-blue-400 font-medium",children:"Section 2 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"Educational Purpose"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-blue-500/5 border border-blue-500/15 space-y-3",children:[e.jsxs("p",{children:["Stoxra is designed ",e.jsx("strong",{className:"text-white",children:"exclusively for educational and learning purposes"}),". The platform exists to help users understand stock market concepts, practice trading strategies, and develop financial literacy — all without any real financial risk."]}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-blue-400 mt-1",children:"●"}),e.jsx("span",{children:"The Platform simulates a trading environment using virtual currency with 

1no real monetary value."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-blue-400 mt-1",children:"●"}),e.jsx("span",{children:"All courses, tutorials, and learning materials are for informational and educational purposes only."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-blue-400 mt-1",children:"●"}),e.jsx("span",{children:"Skills learned on Stoxra should be supplemented with additional research and professional guidance before applying to real markets."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-blue-400 mt-1",children:"●"}),e.jsx("span",{children:"The Platform does not facilitate, enable, or encourage real securities trading."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-blue-400 mt-1",children:"●"}),e.jsx("span",{children:"Users are encouraged to treat the platform as a learning tool, not a predictive system for real market performance."})]})]})]})]}),e.jsxs("div",{id:"no-investment-advice",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-amber-500/10 border border-amber-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(f,{className:"w-5 h-5 text-amber-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-amber-400 font-medium",children:"Section 3 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"No Investment Advice"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-amber-500/5 border border-amber-500/15 space-y-3",children:[e.jsx("p",{className:"text-amber-400 font-semibold",children:"⚠️ Stoxra does not provide investment, financial, or legal advice."}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-amber-400 mt-1",children:"●"}),e.jsxs("span",{children:["Stoxra is ",e.jsx("strong",{className:"text-white",children:"not a registered investment advisor"})," with SEBI (Securities and Exchange Board of India) or any other regulatory body."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-amber-400 mt-1",children:"●"}),e.jsx("span",{children:"No content on the Platform — including AI mentor responses, course materials, or competition results — should be interpreted as investment advice or a recommendation to buy or sell any security."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-amber-400 mt-1",children:"●"}),e.jsx("span",{children:"We do not hold any SEBI registration number (RIA, RA, or otherwise)."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-amber-400 mt-1",children:"●"}),e.jsx("span",{children:"Always perform your own due diligence and consult qualified financial professionals before making real investment decisions."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-amber-400 mt-1",children:"●"}),e.jsx("span",{children:"Any mention of specific stocks, indices, or financial instruments is purely for educational illustration."})]})]})]})]}),e.jsxs("div",{id:"market-data-usage",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-purple-500/10 border border-purple-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(h,{className:"w-5 h-5 text-purple-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-purple-400 font-medium",children:"Section 4 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"Market Data Usage"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-purple-500/5 border border-purple-500/15 space-y-3",children:[e.jsx("p",{children:"Stoxra sources market data from third-party providers to power its trading simulation:"}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsxs("span",{children:[e.jsx("strong",{className:"text-white",children:"Upstox API:"})," Provides NSE (National Stock Exchange) data including stock prices, Nifty 50, Bank Nifty, and option chain data."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsxs("span",{children:[e.jsx("strong",{className:"text-white",children:"Yahoo Finance:"})," Serves as an additional/fallback source for market data and financial information."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsxs("span",{children:["Market data may be ",e.jsx("strong",{className:"text-white",children:"delayed by up to 15 minutes"})," or more and may not reflect real-time prices."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsx("span",{children:"Stoxra does not guarantee the accuracy, completeness, reliability, or timeliness of any market data displayed."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsx("span",{children:"Market data is used solely for powering the educational simulation and should not be relied upon for real trading decisions."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-purple-400 mt-1",children:"●"}),e.jsx("span",{children:"Data anomalies, errors, or outages from third-party providers may affect the simulation experience."})]})]})]})]}),e.jsxs("div",{id:"ai-disclaimer",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-cyan-500/10 border border-cyan-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(j,{className:"w-5 h-5 text-cyan-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-cyan-400 font-medium",children:"Section 5 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"AI Disclaimer"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-cyan-500/5 border border-cyan-500/15 space-y-3",children:[e.jsxs("p",{children:["Stoxra's AI Mentor is powered by ",e.jsx("strong",{className:"text-white",children:"OpenAI's GPT-4o"})," model and is subject to the following limitations:"]}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsxs("span",{children:["The AI Mentor is an ",e.jsx("strong",{className:"text-white",children:"educational tool only"}),". Its responses do not constitute financial advice, trading signals, or investment recommendations."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsxs("span",{children:["AI-generated content ",e.jsx("strong",{className:"text-white",children:"can be inaccurate, incomplete, or misleading"}),". The model may hallucinate facts, provide outdated information, or make errors in analysis."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsx("span",{children:"The AI does not have access to real-time market data and its knowledge has a training data cutoff."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsx("span",{children:"Users must independently verify all information provided by the AI Mentor before applying it to any real-world context."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsx("span",{children:"Stoxra bears no responsibility for decisions made based on AI-generated content."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-cyan-400 mt-1",children:"●"}),e.jsx("span",{children:"Usage limits (daily tokens/messages) apply based on subscription tier to ensure fair access."})]})]})]})]}),e.jsxs("div",{id:"paper-trading-notice",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-emerald-500/10 border border-emerald-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(p,{className:"w-5 h-5 text-emerald-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-emerald-400 font-medium",children:"Section 6 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"Paper Trading Notice"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-emerald-500/5 border border-emerald-500/15 space-y-3",children:[e.jsx("p",{className:"text-emerald-400 font-semibold",children:"📋 All trading on Stoxra is simulated paper trading."}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsxs("span",{children:["Every trade executed on Stoxra is a ",e.jsx("strong",{className:"text-white",children:"simulation"}),". No real securities are bought, sold, or held."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsxs("span",{children:["The virtual currency (₹10,00,000 starting balance) has ",e.jsx("strong",{className:"text-white",children:"absolutely no real-world monetary value"}),"."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsx("span",{children:"Virtual profits cannot be withdrawn, transferred, or converted to real money."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsx("span",{children:"Simulated trading does not account for real-world factors such as brokerage fees, slippage, market impact, liquidity constraints, or settlement processes."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsx("span",{children:"No real demat account, trading account, or bank account is connected to the Platform."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-emerald-400 mt-1",children:"●"}),e.jsx("span",{children:"Performance in paper trading may significantly differ from real trading outcomes."})]})]})]})]}),e.jsxs("div",{id:"regulatory-compliance",className:"scroll-mt-24",children:[e.jsxs("div",{className:"flex items-center gap-3 mb-5",children:[e.jsx("div",{className:"w-10 h-10 rounded-xl bg-pink-500/10 border border-pink-500/20 flex items-center justify-center flex-shrink-0",children:e.jsx(i,{className:"w-5 h-5 text-pink-400"})}),e.jsxs("div",{children:[e.jsx("p",{className:"text-xs text-pink-400 font-medium",children:"Section 7 of 7"}),e.jsx("h2",{className:"text-xl font-bold text-white",children:"Regulatory Compliance"})]})]}),e.jsxs("div",{className:"p-5 rounded-xl bg-pink-500/5 border border-pink-500/15 space-y-3",children:[e.jsx("p",{children:"Stoxra's regulatory status and disclosures:"}),e.jsxs("ul",{className:"space-y-2 pl-1",children:[e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsxs("span",{children:["Stoxra is ",e.jsx("strong",{className:"text-white",children:"NOT a stockbroker"}),", sub-broker, or trading platform for real securities."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsxs("span",{children:["Stoxra is ",e.jsx("strong",{className:"text-white",children:"NOT registered with SEBI"})," (Securities and Exchange Board of India) as a broker, investment advisor, research analyst, or portfolio manager."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsx("span",{children:"We do not hold any stock exchange membership or depository participant registration."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsxs("span",{children:["Stoxra operates purely as an ",e.jsx("strong",{className:"text-white",children:"educational technology platform"})," for stock market learning."]})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsx("span",{children:"We do not handle, hold, or manage any client funds, securities, or financial instruments."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsx("span",{children:"The only real monetary transactions on the Platform are for premium subscription payments and competition entry fees, processed securely through Razorpay/Paytm."})]}),e.jsxs("li",{className:"flex gap-2",children:[e.jsx("span",{className:"text-pink-400 mt-1",children:"●"}),e.jsx("span",{children:"Users seeking to trade real securities should use SEBI-registered stockbrokers and consult SEBI-registered investment advisors."})]})]})]})]}),e.jsx("div",{className:"mt-10 p-5 rounded-xl bg-white/5 border border-white/10 text-center",children:e.jsxs("p",{className:"text-white/50 text-xs leading-relaxed",children:["These disclosures are provided in alignment with SEBI-inspired transparency standards for educational platforms. For questions or concerns about any of these disclosures, please contact us at ",e.jsx("strong",{className:"text-white",children:"[email protected]"}),"."]})})]})]})})]})}),e.jsx("footer",{className:"border-t border-white/5 py-8 mt-16",children:e.jsx("div",{className:"container mx-auto px-6",children:e.jsxs("div",{className:"flex flex-col md:flex-row items-center justify-between gap-4",children:[e.jsxs("div",{className:"flex items-center gap-2",children:[e.jsx("img",{src:o,alt:"Stoxra",className:"w-6 h-6"}),e.jsx("span",{className:"text-sm font-semibold text-white/60",children:"Stoxra Legal"})]}),e.jsxs("div",{className:"flex items-center gap-6 text-xs text-white/40",children:[e.jsx(r,{href:"/legal/terms",children:e.jsx("span",{className:"hover:text-white transition-colors cursor-pointer","data-testid":"footer-link-terms",children:"Terms & Conditions"})}),e.jsx("span",{className:"text-cyan-400 font-medium",children:"SEBI Compliance"}),e.jsx(r,{href:"/legal/privacy",children:e.jsx("span",{className:"hover:text-white transition-colors cursor-pointer","data-testid":"footer-link-privacy",children:"Privacy Policy"})})]}),e.jsx("p",{className:"text-xs text-white/20",children:"© 2026 Stoxra. All rights reserved."})]})})}),g&&e.jsx(x.button,{initial:{opacity:0,scale:.8}

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