Ethical Capital Compliance Manual

Note

Updates are open for review; srvo approval is still required before publishing. Log the approval in the compliance change log once granted.

1 Overview

This manual centralizes the firm’s written supervisory procedures and Code of Ethics so daily decisions stay aligned with our fiduciary duties. Each section below links to a focused policy page; confirm the approval_status banner before relying on the content.

• Refer to the Glossary of Terms for shared definitions.
• Use the Compliance Change Log to record updates and review cycles.

2 Change Log

Effective Date	Version	Scope	Notes
2021-09-01	1.0	Entire manual	Initial publication
2023-02-16	1.1	Entire manual	Updated home state to Utah
2023-04-26	2.0	Entire manual	Digital Core transformation
2024-04-04	2.1	Entire manual	Rebrand to Ethical Capital
2024-09-09	2.2	Entire manual	Compliance review refresh
2025-09-27	2.3	Structure optimization	Multi-state framework, policy consolidation

3 Sections

3.1 Core Compliance Framework

• General Information & Procedures
• Regulatory Filings
• Form ADV Content Management
• Books & Records
• Annual Review

3.2 Operations & Controls

• Client Accounts & Trading Practices
• Personal Securities Trading
• Insider Trading
• Privacy & Breach Procedures
• Business Continuity Planning

3.3 Multi-State Operations

• Multi-State Expansion Framework
• Multi-State Compliance Matrix

3.4 Policies (Consolidated)

• All Policies - Consolidated from individual subdirectories

3.5 External Relations

• Service Provider Recommendations
• Appendices Overview

4 Appendices

Supporting forms, attestations, and reference materials live in the Appendices Overview. Retain historical versions in our records archive according to the Books & Records policy.