A Model Provider trades their own account, with their own funds, at their own risk. The adviser's licensed software observes that verified activity and replicates it for clients who have independently elected to follow it, within each client's limits. Providers never touch a client's account, funds, or keys.
Before publication, and again on any material change, the adviser's counsel classifies whether the provider's activity requires registration of its own. Providers publish only in the capacity counsel confirms.
Developer, model type stated accurately (discretionary, systematic, AI-assisted), live start date, data sources, instruments, limitations, and the evidence for every statistic displayed. No statistic is shown that is not in the file.
Providers publish nothing about a model outside the adviser's approved presentation. Audio or video containing recommendations or profit descriptions is filed with NFA before use where required.