Code of Conduct for Research Analysts
This Code of Conduct is adopted by Trade Nova Technologies Private Limited in accordance with the Third Schedule of the SEBI (Research Analysts) Regulations, 2014. It binds the entity, its directors, its research analysts and every person engaged in research activities on its behalf.
1. Honesty and good faith
We shall act honestly and in good faith in all dealings with clients and prospective clients.
2. Diligence
We shall act with due skill, care and diligence and shall ensure that the research report is prepared after a thorough analysis. Every recommendation published rests on a documented research process and on information believed to be reliable.
3. Conflict of interest
We shall effectively address conflicts of interest which may affect the impartiality of our research analysis, and shall make appropriate disclosures to address the same. Where a conflict cannot be adequately managed, the research is not published.
4. Insider trading or front running
We shall not engage in insider trading or front running or front running of our own research report, and shall not misuse any unpublished price sensitive information.
5. Confidentiality
We shall maintain confidentiality with respect to the publication of a research report until it is made available in the public domain, and shall keep client information confidential unless disclosure is required in furtherance of a legal obligation or the client has specifically consented.
6. Professional standard
We shall observe high professional standards while publishing research reports, and shall not engage in conduct that brings disrepute to ourselves, to the securities market or to the profession.
7. Compliance
We shall comply with all regulatory requirements applicable to the conduct of our business activities, including the SEBI Act, 1992, the SEBI (Research Analysts) Regulations, 2014, the SEBI (Prohibition of Insider Trading) Regulations, 2015, the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, and the circulars, master circulars and guidelines issued thereunder.
8. Responsibility of senior management
The senior management of Trade Nova Technologies Private Limited shall bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures by the entity and its research analysts.
Standards we hold ourselves to
- We never promise, indicate or imply assured or guaranteed returns, profits or recovery of losses.
- We never advertise past performance, accuracy figures, success rates or profit claims, and we do not use superlative claims about ourselves.
- We never accept funds or securities from clients for investment, and never ask for trading, demat or banking credentials.
- We never accept fees in cash. All fees are received through banking channels against a receipt.
- We state the reasoning, the assumptions and the risk framework behind every recommendation, including a defined stop-loss.
- We distribute research to all eligible clients simultaneously and without discrimination.
- We provide a clear caution notice when a recommendation involves a complex or high-risk product.
- We disclose the extent to which Artificial Intelligence tools are used in providing research services.
- We maintain records of client interactions, research rationale and communications as required by the regulations.
Need help with this?
Our Principal Officer, Harinder Singh, and Compliance Officer, Pardeep Kumar, are available Mon–Fri · 9:00 AM to 5:00 PM.