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Motley Fool Hong Kong Disclosure Policy

Here at The Motley Fool, when it comes to matters of money, we believe in transparency and accountability. Day in and day out, we dedicate ourselves to delivering   sound financial education.

That’s why, when it comes to talking about stocks, we think it’s important that you know exactly where we’re coming from. With this in mind, we have developed a corporate group-wide disclosure policy to guide our business and communications.

We call it Fool Disclosure. We invite you to take some time to read through it, and hope it helps inform your experience here  at Fool.hk.

Investors Communicating With Investors

The Motley Fool is a company that represents investors teaching and learning from other investors. Many financial publications do not permit their writers and editors to own stock.

The Motley Fool not only permits, but also encourages its staff to invest in the stock of individual companies. Why? Two reasons.

First, we strongly believe the most effective way to create wealth is through the long-term ownership of stocks.

We believe in using the stock market as a savings bank, and we strongly encourage treating money management as a lifelong endeavour. Therefore, we think it’d be downright mean of us to close that avenue of investment to our employees and registered representatives.

Second, and more important, we don’t consider our employees and representatives to be journalists, but rather communicators and teachers of financial matters.

It’s a subtle but critical difference that affects our entire service on Fool.hk. As a company, we utilize every available medium to teach people of all ages, all income levels, all backgrounds, and all genetic codes about money and its applications in modern life.

Therefore, we believe our staff’s involvement in managing their own money is critical to their learning more about the subject and their succeeding in their own lives. And who better to write about investing than those who do it themselves?

Integrity and Transparency

Internally, the Fool has always strived to operate with the highest levels of integrity and transparency. As such, here are the key components of The Motley Fool’s disclosure policy:

Disclosure

  • When a Fool employee or a freelancer writes about a stock in which he or she has a position or beneficial interest, that fact is disclosed at the end of the article.
  • If Motley Fool Hong Kong has an interest in any stock mentioned in an article, we will disclose our interest in those securities.

Trading Rules

In addition to the above disclosure requirements, Fool employees work under additional trading restrictions and guidelines. These restrictions require that they:

  • Must hold any stock they own for at least 10 full market days.
  • Cannot write about a company in the period of 2 full market business days before to 2 full market business days after purchasing or selling the stock.
  • Must notify our compliance department every time they buy or sell a stock, regardless of whether they have written about it.
  • For SFC licensed persons publishing research, they will not trade or deal in any securities in a manner that is contrary to their outstanding investment recommendation or within thirty (30) days prior to and three (3) business days after the issue of investment research on a company.
  • Employees must submit their quarterly brokerage statements to our compliance department for review.

 

In Conclusion

We have designed our disclosure and trading guidelines to serve our community, our customers, and our employees fairly.

As always, though, you should remember to consider every piece of investment information you receive, here at the Fool or elsewhere, not as a de facto recommendation, but as an idea for further consideration.

Even the strongest disclosure policy in the world does not excuse individuals from taking responsibility for their own decisions. Due diligence, critical thought, and use of the most extraordinary device in the world (the human brain) are crucial to your financial success.

If you’d like to offer us any feedback on this stuff, drop us an email at hkmembersupport@fool.hk.

Last updated 30 August 2018