{"publisher_exclusion":{"authority":"Investment Advisers Act §202(a)(11)(D); Lowe v. SEC, 472 U.S. 181 (1985)","statement":"True Value Protocol (TVP) is a publication of bona fide and impersonal price-truth analysis. TVP does not provide individualized investment advice. TVP does not custody, lend against, or take order flow on cards. TVP does not own a marketplace, grading service, or breaker operation. TVP does not represent any seller, buyer, or third party in transactions. Reads are produced by a single operator under True Value Protocol LLC and are based on cleared comparable sales drawn from publicly accessible sources, processed through a published rule layer (TVP Operating System v8.0) and a published multiplier reference (TVP Multiplier Reference v1.x). Methodology is open to inspection and challenge.","methodology_url":"https://tvpcards.com/methodology","challenge_channel":"challenge@tvpcards.io"},"conflict_disclosure":{"authority":"OS v8.0 Rule 42 (Conflict Disclosure Cascade)","statement_v0":"The operator personally trades sports cards under the True Value Protocol LLC umbrella. The operator does not own any specific card discussed in any read at the time of publication unless explicitly disclosed in the read footer. The operator does not have financial relationships with PSA, SGC, BGS, Beckett, Card Ladder, eBay, Whatnot, Fanatics, or any breaker. Quarterly Lockbox publication forthcoming per OS v8.0 R43."},"correction_policy":{"authority":"OS v8.0 Rule 41 (Confession Rule), Rule 44 (Correction Half-Life)","statement":"When a published read materially misses (>20% outside published range within 90 days, or ≥3 catalyst events contradict a HOLD recommendation without an updating read), TVP publishes a Confession entry within 30 days. Confessions are dated, public, permanent, indexed at https://tvpcards.com/confessions."},"refusal_policy":{"authority":"OS v8.0 R88 (Cite-or-Refuse)","statement":"Every TVP read cites cleared comp data or refuses with a stated reason. When fewer than 3 cleared comps are available across all comp sources, the engine returns INSUFFICIENT_COMPS instead of producing a number. Refusals are not failures — they are the moat."},"last_updated":"2026-05-14"}