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Investor Protection Principles

Tribal Capital Markets, LLC has adopted the following principles to eliminate the potential conflicts of interest that may arise out of a relationship between our Investment Banking and Research Departments. They are as follows:

  • There is no direct link between compensation for analysts and investment banking;
  • TCM Analysts are not compensated for a specific investment banking services transaction;
  • A research principal approves all recommendations;
  • Investment banking has no input into analyst compensation;
  • Discontinuation of coverage is disclosed as well as the rationale for such termination;
  • Research reports disclose whether the firm has received or is entitled to receive compensation from a covered company over the past 12 months; and
  • This process is monitored to ensure compliance with these principles.