Legal
Conflicts of interest
Where our interests could diverge from yours, what we do about each one, and where the mitigation is still incomplete.
Last updated 21 August 2026
1.Why this document exists
A conflict of interest is any situation where TANO could benefit from a decision that is not the best available outcome for you. Conflicts cannot all be eliminated, so they are disclosed and managed. Disclosure is not a cure: you should weigh these when deciding how much capital to allocate.
2.Fee-driven incentives
Performance fees reward upside but do not penalise losses symmetrically, which can encourage more risk than a client would choose. Mitigation: high-water marks, published risk mandates per strategy, and hard platform risk limits that operate independently of the fee model.
3.Turnover and venue rebates
Where a venue offers rebates or tiered pricing, higher trading volume can benefit the platform while adding cost and slippage to your allocation. Mitigation: trading costs are charged to the allocation transparently and are visible per trade, and turnover is monitored as a risk metric.
4.Proprietary capital
If the platform, its staff or affiliates allocate their own capital to the same strategies, their orders and yours can compete for the same liquidity. Mitigation: no priority is given to proprietary or staff capital, and any such participation must be recorded and reviewable.
5.Strategy selection and promotion
Strategies with higher fee rates could be promoted more prominently than cheaper or lower-risk alternatives. Mitigation: fees are shown alongside every strategy at the point of allocation, and performance labels (live, paper, backtested) are applied uniformly regardless of which strategy is being displayed.
6.Custody and venue relationships
Commercial terms with a custodian or venue could influence where assets are placed, independent of what is safest for clients. Mitigation: provider selection criteria are documented and every provider is swappable through an adapter layer, so no relationship is structurally locked in.
7.The AI assistant
The assistant is built and operated by TANO and can therefore favour TANO's products. It is an information tool, not an adviser, it does not receive any incentive tied to your allocations, and it is not permitted to move funds or open positions on your behalf.
8.Operator access
Operators can pause strategies, hold withdrawals and adjust limits. That power could be misused. Mitigation: role-based permissions, an append-only audit trail of every operator action, and dual approval on the actions that release funds.
9.Reporting on ourselves
Performance, reserves and risk figures are currently produced and published by TANO itself, which is a structural conflict. Mitigation is only partial until independent verification exists; no such verification has been published, and until it has, all figures are self-reported.
10.Raising a concern
If you believe a decision affecting your account was influenced by any of these conflicts, raise a support case. Cases alleging a conflict are recorded and reviewed outside the team that took the decision.