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The framework for identifying, disclosing, managing, correcting, or declining research affected by material conflicts.
Last reviewed August 3, 2026
Relevant financial interests may include securities, options, debt, digital assets, business relationships, referral arrangements, gifts, compensation, or other exposure connected to a covered issuer, project, counterparty, or industry.
Material interests should be disclosed close to the affected research and updated when they change. A disclosure does not eliminate bias; it gives readers information needed to evaluate it.
Ephesus Research does not accept issuer- or company-specific payment in exchange for coverage, favorable treatment, an analytical conclusion, a valuation range, or suppression of criticism.
General reader support funds the research platform and does not purchase editorial control, exclusive findings, or preferential access to market-sensitive work.
Sources, assumptions, inferences, and speculation should remain visibly distinguishable. Conflicting evidence should be included when it is material to the conclusion.
A position or prior view must not prevent a correction. Material errors receive a public revision record regardless of whether the correction strengthens or weakens the original thesis.