Conflict of Interest Disclosure

Analyst disclosures

• The Research Analyst does not hold any actual or beneficial ownership of 1% or more of the securities of the subject companies at the end of the month immediately preceding the date of publication, unless explicitly disclosed in the specific report.
• The analyst does not receive compensation from the subject companies in the past twelve months.
• The analyst has not managed or co-managed a public offering of securities for the subject companies in the past twelve months.
• The analyst has not received any compensation for investment banking or merchant banking or brokerage services from the subject companies.
• The analyst does not serve as an officer, director or employee of the subject companies.

Firm disclosures

House Of Trade operates as an individual Research Analyst practice. There is no affiliated group entity, subsidiary or related party that engages in investment banking, brokerage or fund management activities that could create a material conflict of interest with the research published.

Reporting

Any material conflict of interest identified in relation to a specific security will be disclosed within the concerned research note. Investors may report perceived conflicts to houseoftradeoffice@gmail.com.