Disclosures

The natural person producing this content is named, with a job title. This is the disclosure MAR Article 2 asks for, and it is published on every page rather than on a legal notice nobody reads.

The identity of the producer: name and job title of all natural persons involved in producing the recommendation, and the name of the legal person responsible.

Facts must be clearly distinguished from interpretations, estimates and opinions; all substantially material sources must be indicated; projections and forecasts labelled.

• Every AI-generated passage carries a banner stating that it is model output, and states how many of its quantitative claims traced back to source data.
• Every figure on this site carries the licence key of the source it came from; there is no rendering path for a figure without provenance.
• The complete fact pack given to the model for each decision is published as downloadable JSON with its hash, so a reader can reconstruct exactly what the model saw.

A summary of any basis of valuation or methodology and the underlying assumptions; an indication and summary of any change to them; the meaning of any recommendation such as buy, sell or hold; and an appropriate sensitivity analysis.

• Every mandate is published verbatim as the machine-readable YAML the rule engine actually executes — not a prose summary of it.
• The execution cost model is published verbatim, with each assumption either sourced or explicitly flagged unsourced.
• Changes to any rulebook are RULEBOOK_CHANGE events in the same hash chain as trades, with a full diff and a reason. A limit cannot be quietly loosened after a bad quarter.
• The meaning of each permitted action is published: the AI may only express direction and conviction, never a price, quantity or weight.

Disclose relationships and circumstances that may reasonably impair objectivity. Experts additionally disclose net long or short positions exceeding 0.5% of an issuer's total issued share capital, holdings by the issuer above 5%, market-making and any service agreement with the issuer.

• No client money is managed, held or received. There are no clients, no mandates and no power of disposal over anyone's assets.
• No order is routed to any venue. All trading is on paper.
• No affiliate link, issuer sponsorship, revenue share, paid placement or payment-for-order-flow arrangement exists with any person connected to any instrument named on this site.
• No market-making activity and no service agreement with any issuer named on this site.
• No net position above 0.5% of any issuer's issued share capital is held. The portfolios are hypothetical and hold no instruments in fact.

A description of the effective internal organisational and administrative arrangements and of any information barriers set up to prevent and avoid conflicts of interest.

• The AI layer ranks and explains. It has no field in its output schema in which a price, quantity, weight or limit could be expressed, and a test fails the build if that schema is widened.
• All sizing, pricing and risk enforcement is deterministic code the model cannot see or influence.
• The rule engine applies three gates the AI cannot bypass, and every refusal is published with a stable reason code.
• The decision, the model identity and the hash of its complete input are committed to an append-only hash chain BEFORE the model is called and before any fill price is known.

Investment firms and credit institutions must publish quarterly the proportion of recommendations that are buy, hold or sell over the previous twelve months.