

This communication is issued by FS Insight and/or affiliates of FS Insight. Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof, (2) maintaining client confidentiality, (3) archival of electronic communications, and (4) appropriate use of electronic communications, amongst other compliance related policies.įS Insight does not have the same conflicts that traditional sell-side research organizations have because FS Insight (1) does not conduct any investment banking activities, and (2) does not manage any investment funds.

IRC Securities does not distribute the research of FS Insight, which is available to select institutional clients that have engaged FS Insight.Īs registered representatives of IRC Securities our analysts must follow IRC Securities’ Written Supervisory Procedures. As registered representatives and independent contractors of IRC Securities, such personnel may receive commissions paid to or shared with IRC Securities for transactions placed by FS Insight clients directly with IRC Securities or with securities firms that may share commissions with IRC Securities in accordance with applicable SEC and FINRA requirements. Research Analysts) are registered representatives of IRC Securities, a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators.

IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry. FS Insight is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws.įS Insight is a member of IRC Securities’ Research Prime Services Platform.
