Disclaimer
Persons who access the materials made available by First Financial Brokerage House Ltd. (FFBH) at its website agree to the following:
Use of the First Financial Brokerage House website
The entire content of this website is subject to copyright with all rights reserved. You may download or print out a hard copy of individual pages and/or sections of the FFBH website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the FFBH website will not transfer title to any software or material to you.
You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the FFBH website without the prior written permission of FFBH.
No Offer
Nothing on the FFBH website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.
No Reliance
While FFBH uses reasonable efforts to obtain information from sources which it believes to be reliable, FFBH makes no representation that the information or opinions contained on the First Financial Brokerage House website is accurate, reliable or complete. The information and opinions contained in the FFBH website are provided by FFBH for personal use and informational purposes only and are subject to change without notice. Nothing contained on the FFBH website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.
No Warranty
The information and opinions contained on the FFBH website is provided without any warranty of any kind, either express or implied.
Limitations of Liability
In no event, including (without limitation) negligence, will FFBH be liable for any loss or damage of any kind, including (without limitation) any direct, special indirect or consequential damages, even if expressly advised of the possibility of such damages, arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the FFBH website. FFBH is under no obligation to update or keep current the information contain on this web site.
Linked Websites
When you access certain links on FFBH website you may leave FFBH website. FFBH has not reviewed any of the websites linked to the FFBH website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through such websites.
Investment Performance
The past is not necessarily a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down.
Measures and procedures for handling conflicts of interests with respect to investment research
FFBH applies measures and procedures for handling conflicts of interest with respect to financial analysts participating in the preparation of investment research which is designated for dissemination or may subsequently be disseminated to the public or among its clients, and with respect to others working under a contract for FFBH, whose responsibilities or business interests may come into conflict with the interests of the persons to whom the investment research is provided.
FFBH ensures compliance with the following requirements:
1. the financial analyst, and the others working under a contract for FFBH, may not conclude personal transactions or conclude transactions for the account of another person, FFBH included, in securities to which the investment research relates, or in any related financial instruments, with the knowledge of the likely timing or content of the investment research. This applies only when the investment research is not available to clients or the public and cannot readily be inferred from information that is available to the public or the clients. The prohibition shall be valid until the recipients of the investment research have had a reasonable opportunity to act on it;
2. in circumstances not covered by item 1, the financial analyst and the other persons, who work under a contract for FFBH and are involved in the production of investment research, must not undertake personal transactions in securities to which the investment research relates, or in any related financial instruments, contrary to the current recommendations, except in exceptional circumstances and with the prior approval of FFBH’s legal or internal control department;
3. FFBH, financial analysts and others working under a contract for FFBH involved in the production of the research, must not receive remunerations, commissions or non-pecuniary benefits from persons with a material interest in relation to the subject of the investment research and its recommendation;
4. FFBH, financial analysts and others working under a contract for FFBH involved in the production of the investment research, must not promise issuers favorable research coverage;
5. issuers, FFBH employees (except the financial analyst) nor any other person should be permitted to review the investment research before its dissemination, even for the purpose of verifying the accuracy of the factual statements made in the research, or for any other purpose other than verifying compliance with FFBH’s legal obligations, if the research includes a recommendation or a target price.