Terms of Use

Last updated: February 20, 2026

These Terms of Use ("Terms") govern your access to and use of the website, products, and services provided by Loffa Interactive Group, Inc. ("Loffa," "we," "our," or "us"). By accessing or using our services, you agree to be bound by these Terms. If you do not agree, you must not access or use our services.

1. Acceptance of Terms

By accessing our website at www.loffa.com or using any of our products and services, including but not limited to Freefunds Verified Direct (FVD), Prime Broker Interactive Network (PBIN), and Quarterly Broker Statement (QBS), you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy, which is incorporated herein by reference.

If you are accepting these Terms on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these Terms. If you do not have such authority, you must not accept these Terms or use our services.

2. Description of Services

Loffa Interactive Group provides financial technology solutions for the securities industry, including:

  • Freefunds Verified Direct (FVD): Automated freefunds balance verification for Regulation T compliance in cash account settlement.
  • Prime Broker Interactive Network (PBIN): Digital management platform for SIA-150 and SIA-151 forms governing prime brokerage relationships.
  • Quarterly Broker Statement (QBS): Automated generation and distribution of quarterly broker statements for FINRA compliance.

Our services are designed for use by registered broker-dealers, financial institutions, and their authorized representatives. Services are provided on a subscription basis pursuant to separate service agreements.

3. User Obligations

As a user of our services, you agree to:

  • Provide accurate, current, and complete information during registration and while using our services.
  • Maintain the confidentiality of your account credentials and promptly notify us of any unauthorized access.
  • Use our services only for lawful purposes and in compliance with all applicable laws, regulations, and industry standards, including SEC, FINRA, and DTCC requirements.
  • Not attempt to gain unauthorized access to our systems, networks, or data.
  • Not interfere with or disrupt the integrity or performance of our services.
  • Not reverse engineer, decompile, or disassemble any aspect of our software or services.
  • Not use our services to transmit malicious code, spam, or other harmful content.
  • Comply with all reasonable instructions and guidelines we provide regarding the use of our services.

4. Account Security

You are responsible for maintaining the security of your account and all activities that occur under your account. You must:

  • Use strong, unique passwords and enable multi-factor authentication when available.
  • Not share your account credentials with unauthorized individuals.
  • Immediately notify Loffa of any suspected unauthorized access or security breach.
  • Ensure that all users within your organization who access the platform are properly authorized and trained.

Loffa shall not be liable for any loss or damage arising from your failure to maintain the security of your account.

5. Intellectual Property

All content, software, technology, trademarks, trade names, logos, and other intellectual property associated with our services are the exclusive property of Loffa Interactive Group, Inc. or our licensors. This includes but is not limited to:

  • The Loffa Interactive Group name, logo, and brand identity.
  • FVD, PBIN, QBS, and all associated product names and marks.
  • All software code, algorithms, databases, and technical architecture.
  • Website content, documentation, user interfaces, and design elements.

No license or right is granted to you by implication, estoppel, or otherwise under any intellectual property rights owned or controlled by Loffa, except for the limited right to use our services as expressly provided in these Terms and any applicable service agreement.

6. Data Ownership and Processing

You retain ownership of all data that you submit to our platform ("Customer Data"). By using our services, you grant Loffa a limited, non-exclusive license to process, store, and transmit Customer Data solely for the purpose of providing our services to you.

We will process Customer Data in accordance with our Privacy Policy, applicable data protection laws, and the terms of any data processing agreement between us. We will not sell, share, or use Customer Data for any purpose other than providing and improving our services, unless required by law.

7. Service Availability and Modifications

We strive to maintain high availability of our services but do not guarantee uninterrupted access. We may temporarily suspend access for maintenance, upgrades, or emergency repairs. We will provide reasonable advance notice of planned downtime when possible.

We reserve the right to modify, update, or discontinue any aspect of our services at any time. Material changes will be communicated to active subscribers with reasonable advance notice.

8. Fees and Payment

Access to our products and services is subject to fees as set forth in your service agreement. All fees are non-refundable unless otherwise specified in writing. We reserve the right to modify our pricing with 30 days' written notice. Failure to pay fees when due may result in suspension or termination of your access to our services.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

  • LOFFA SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, BUSINESS OPPORTUNITIES, OR GOODWILL, ARISING OUT OF OR RELATED TO YOUR USE OF OUR SERVICES.
  • LOFFA'S TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR OUR SERVICES SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO LOFFA DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
  • LOFFA PROVIDES ITS SERVICES "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

Some jurisdictions do not allow the exclusion of certain warranties or limitations on liability, so some of the above limitations may not apply to you.

10. Indemnification

You agree to indemnify, defend, and hold harmless Loffa Interactive Group, Inc., its officers, directors, employees, agents, and affiliates from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or related to your use of our services, your violation of these Terms, or your violation of any applicable law or regulation.

11. Termination

Either party may terminate access to the services in accordance with the terms of the applicable service agreement. Loffa may immediately suspend or terminate your access if you breach these Terms or engage in conduct that we reasonably believe may harm Loffa, our services, or other users.

Upon termination, your right to access and use our services will immediately cease. Provisions of these Terms that by their nature should survive termination shall survive, including intellectual property rights, limitation of liability, indemnification, and governing law.

12. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the State of Arizona, without regard to its conflict of law provisions. Any disputes arising out of or related to these Terms or our services shall be resolved through binding arbitration administered by the American Arbitration Association (AAA) in accordance with its Commercial Arbitration Rules.

The arbitration shall take place in Maricopa County, Arizona. The arbitrator's decision shall be final and binding. Judgment on the arbitration award may be entered in any court of competent jurisdiction. Each party shall bear its own costs and attorneys' fees, unless the arbitrator determines otherwise.

13. General Provisions

  • Entire Agreement: These Terms, together with our Privacy Policy and any applicable service agreements, constitute the entire agreement between you and Loffa regarding the use of our services.
  • Severability: If any provision of these Terms is found to be unenforceable, the remaining provisions shall remain in full force and effect.
  • Waiver: Our failure to enforce any provision of these Terms shall not constitute a waiver of that provision or any other provision.
  • Assignment: You may not assign or transfer your rights under these Terms without our prior written consent. Loffa may assign its rights and obligations without restriction.
  • Force Majeure: Loffa shall not be liable for any delay or failure to perform resulting from causes beyond our reasonable control, including natural disasters, acts of government, or disruptions to telecommunications or internet services.

14. Contact Us

If you have questions about these Terms of Use, please contact us:

Loffa Interactive Group, Inc.
Scottsdale, AZ
Phone: 480-405-9662
Email: info@loffa.com
Web: www.loffa.com/contact