This page contains important information regarding SISM Research’s activities, methodology, and limitations.

SISM Research may receive compensation from the company covered for the preparation and distribution of research reports. Compensation is not contingent upon the content of the research or the performance of the company’s securities.

Research reports are provided free of charge to investors for informational purposes only.

SISM Research is not a registered investment advisor.

All research is provided for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell securities.

Investors should conduct their own due diligence and consult licensed financial professionals before making investment decisions.

Research Disclosures

SISM Research may receive compensation from an issuer covered in a research publication in connection with the preparation and distribution of such research. Any compensation received is not contingent upon the substance, conclusions, or views expressed in the research publication, nor upon the market performance of the issuer’s securities.

All research publications are provided free of charge and are made available solely for informational purposes.

Analyst Independence

SISM Research and its analyst(s) prepare research publications independently and objectively. The analyst does not engage in trading activities related to securities of covered companies and does not provide individualized investment advice, portfolio management, or execution services within the meaning of applicable securities laws.

Regulatory & Legal Disclaimer (MiFID II)

SISM Research is not licensed or registered as a financial institution, investment adviser, portfolio manager, broker-dealer, or securities firm with the Swiss Financial Market Supervisory Authority (FINMA), under the EU Markets in Financial Instruments Directive (MiFID II), or with the U.S. Securities and Exchange Commission (SEC).

The research publications are provided for informational and educational purposes only and do not constitute a) investment advice, b) a personal recommendation, or c) an offer or solicitation to buy or sell securities, or investment research within the meaning of MiFID II.

Investors are responsible for conducting their own independent analysis and should consult appropriately licensed financial, legal, and tax professionals before making any investment decision.