This web site and the related email newsletter communications is
published by Business Financial Publishing, LLC (BFP). BFP owns and
operates this and other web sites that publish information and
personal opinions related to the financial markets, including
stocks, bonds, mutual funds, and options. BFP also operates under
the Wyatt Investment Research brand name.
BFP aims to assist individual investors by providing them with
information and educational lessons related to a wide variety of
investments and strategies. Our goal as publishers of financial
information is to be as independent as possible and to act in the
best interest of our readers.
We strive to find the best possible investments for our
subscribers, and in no way want that to be tarnished. For this
reason, we have decided to issue a formal disclosure policy.
BFP encourages its personnel to invest in individual stocks. We
believe that in doing so, our personnel are better able to
understand the stock market and share this knowledge and their
personal experiences with subscribers. We encourage our personnel
to invest, and have put in place strict policies in order to avoid
any conflicts and assure complete disclosure of ownership of
securities about which we publish information and opinions.
We permit our personnel to invest in companies discussed within
our web sites and publications. However we have put in place strict
restrictions and disclosure policies in order to put the interests
of our subscribers first and foremost.
BFP personnel include all full time employees and select
independent contractors involved in investment research and writing
for our web sites and publications. BFP believes that these
policies are in the best interest of our company, and our
subscribers, and are intended to help our personnel avoid violation
of the applicable state and federal laws. Personnel who violate
these formal company policies are subject to termination, following
a thorough review and consideration of the facts and
circumstances.
Disclosure
Our full disclosure policy is designed to keep you fully aware
of any stocks that are owned by personnel of BFP and also discussed
within the web site and publication.
When we mention a company within an issue of one of our paid
subscription investment newsletter advisories, and an employee or
writer owns the stock in an investment account they control
(directly or indirectly), that position is fully disclosed.
All companies covered within the newsletter that are also owned
by employees are listed at the bottom of each issue or article in
the Disclaimer, whether the issue is sent by email or posted on the
web site.
Trading Restrictions
In addition to full disclosure, we have also developed trading
restrictions that apply to all personnel. These restrictions apply
to stocks covered within and held within the model portfolio
of a paid subscription investment newsletter advisory.
- Once the Editor or writers have decided to begin coverage of a
new company, that company is placed on a "Restricted List" which
bars trading in a company effectively immediately, and further bans
trading for five days after the date of the publishing of that
article. Employees must disclose any positions in companies on the
Restricted List immediately.
- In the event that BFP Personnel do own shares, BFP will not
publish an initial report that company until five business days
have passed from the date of the most recent transaction.
- BFP Personnel cannot buy or sell shares for five trading days
after the issuance of an initial report on a company. Since many
companies are mentioned on a weekly basis in the Portfolio Update
issues, this restriction only applies to initial research
reports.
- BFP personnel can not "tip" non-employees of a report which
will be written about a specific company in advance
Additionally, BFP personnel are restricted from trading in the
shares of publicly traded companies that are currently purchasing
advertising from our company. This applies to companies that have
been the subject of advertisements regardless of whether the
advertisement was paid for by the company directly or a third
party.
Compensation
BFP personnel do not accept compensation from publicly traded
companies for coverage on our web sites or within our
publications.
