Verification Policy

The AltStreet Verified Profile program is a paid factual-verification layer offered to platforms, fund managers, issuers, and other entities indexed in the AltStreet database. Verification allows a platform to submit primary-source documentation, receive an analyst-reviewed structural assessment, and engage with its public review through a formal channel.

The program is structured as paid factual infrastructure — source-backed fields, correction logs, right of reply, document surfaces, and monitoring around an independent review. Verification does not purchase, influence, or modify AltStreet's editorial findings, perspective, or rating.

Verification requests must come from an authorized company representative using a verifiable work email associated with the platform being verified.

AltStreet confirms contact authority before issuing an invoice. Confirmation methods may include cross-referencing the requester's role against publicly available corporate filings, regulatory records (FINRA BrokerCheck, SEC IAPD, EDGAR officer filings), or direct verification with the platform's listed regulatory or communications contact.

Third-party submissions on behalf of a platform — by consultants, public relations firms, marketing agencies, or other intermediaries — are not accepted. The verified contact must be an employee or officer of the platform entity.

AltStreet reserves the right to decline verification requests at its discretion, including but not limited to: platforms under active regulatory enforcement action affecting investor disclosures; platforms whose corporate identity cannot be confirmed; or platforms in jurisdictions where AltStreet does not currently operate.

A verified profile indicates that AltStreet analysts have reviewed specific factual fields and documents submitted by an authorized platform representative. Verified status confirms:

• The platform's identity has been confirmed through an authorized contact.
• The factual fields included in the verification scope have been reviewed against primary-source documentation submitted by the platform and cross-referenced with public-source data (EDGAR, regulatory filings, audited financials where available).
• The platform has agreed to AltStreet's verification confidentiality agreement and this policy.
• The profile is subject to quarterly monitoring against new public filings and structural changes.
• The platform has a formal channel to submit corrections and right-of-reply responses.

Verified status is not an endorsement, rating upgrade, investment recommendation, or guarantee of performance. Specifically:

• Verification does not constitute an opinion on the suitability of the platform's offerings for any investor.
• Verification does not validate forward-looking performance claims, target returns, or projected outcomes presented by the platform.
• Verification does not certify the accuracy of platform marketing materials beyond the specific factual fields included in the verified scope.
• Verified status does not preclude the existence of risks, conflicts, or material disclosures that may be identified by AltStreet's editorial analysis.
• Verified status does not affect AltStreet editorial findings, perspective, one-line verdict, data insights, or risk assessments. Editorial content remains independent of verification status.

The standard scope of analyst review includes the following factual categories: fee schedule, track record, offering documents, eligibility and minimums, audited financials (where applicable), entity structure, and EDGAR cross-reference.

Extended scope categories — audited financials, full entity structure mapping, comprehensive EDGAR coverage — require additional time and may involve incremental analyst work. Scope is confirmed in writing before an invoice is issued.

Analyst review is performed against primary-source documentation. Verified status applies only to fields that were submitted, reviewed, and cross-referenced. Fields outside the verification scope remain represented using public-source and EDGAR-only data and are not marked as verified.

AltStreet may, at its discretion and during the course of verification, identify additional findings or discrepancies that fall outside the requested scope. Such findings may be added to the platform's review consistent with AltStreet's editorial process. Verification does not constrain or commission favorable analysis.

All confidential documents submitted by a verified platform are handled under a standard verification confidentiality agreement executed at the time of intake. Documents may include private placement memoranda, audited financial statements, offering memoranda, fee schedules, FOCUS reports, custody confirmations, and other materials supporting the verification scope.

AltStreet does not redistribute, publish, or sell submitted confidential documents. Documents are accessible only to AltStreet analysts performing the verification and the platform's verified contact.

Documents may be displayed in a "Verified Documents" section of the platform's review with the platform's explicit consent. The platform may designate documents as public (visible to all readers), accreditation-gated (visible only to accredited investors confirmed through AltStreet's gating mechanism), or analyst-only (used for review but not displayed publicly).

In the event of a correction request, document submissions are referenced in the audit log but the document contents themselves may remain confidential. The resulting factual change, no-change decision, or discrepancy flag is disclosed.

Verified platforms may submit factual correction requests with primary-source evidence. AltStreet processes correction requests within 5 business days for Verified and Verified Plus tiers, and within 48 hours for Verified Premium tier.

A correction request must include: the field path being challenged, the current value, the proposed value, and the primary-source evidence supporting the change. Requests without primary-source evidence are returned to the platform for resubmission.

A correction request can result in one of the following outcomes:

• Corrected factual field: the submitted evidence supports the change; the field is updated in the review with source attribution and timestamp.
• Added platform response: the evidence is partial or contextual; AltStreet adds a Platform Response box adjacent to the finding rather than changing it.
• No change, with explanation: the evidence does not support the requested correction; AltStreet documents the request and the reasoning in the audit log.
• New discrepancy flag: the submitted documents reveal an inconsistency with marketing claims or filings; AltStreet adds a new finding to the review.
• Update-log entry: non-material updates (typos, formatting, dates) are recorded in the review's update history.

Payment for verification does not guarantee favorable correction outcomes. Each outcome is determined by analyst review of submitted evidence against AltStreet's standard editorial criteria.

Verified platforms may attach a structured response to any specific finding in their review. Responses are subject to the following rules:

• Maximum length: 300 words per response.
• Responses must be attributed to a named individual at the platform with title.
• Responses are timestamped at submission and at any subsequent revision.
• Responses are labeled as platform-provided statements. Claims inside responses may be independently verified only if supported by primary-source documentation submitted alongside the response.
• AltStreet reserves the right to decline responses that are defamatory, contain personally identifying information about third parties without consent, exceed length limits, or violate applicable law.
• AltStreet does not modify the original editorial finding in response to a right-of-reply submission. The finding and the platform response are displayed adjacent to one another.
• Platforms may revise or retract their responses at any time. Revision history is preserved in the audit log.

If, during verification, AltStreet identifies a material discrepancy between documents submitted by the platform and the platform's public marketing materials, regulatory filings, or prior disclosures, AltStreet reserves the right to publish the discrepancy in the platform's review with source attribution.

A material discrepancy is one that, in AltStreet's editorial judgment, would reasonably affect an investor's understanding of the platform's terms, performance, or risk profile. Examples include but are not limited to: differences between marketed and actual fee structures; differences between marketed and audited historical performance; undisclosed affiliate or related-party relationships; regulatory status inconsistencies.

Discrepancies are flagged publicly with source attribution. The sources of the discrepancy (e.g., "marketing tile dated X" versus "PPM section Y") are identified in the review; the underlying documents may remain confidential where appropriate.

Payment for verification does not suppress discrepancy disclosure. A platform that submits documents during verification has consented to AltStreet's right to publish material discrepancies identified through that review.

Material verification interactions are logged in the review's public audit log. Logged events include:

• Verification activation date and tier.
• Correction requests submitted, processed, and their outcomes.
• Right-of-reply responses submitted, revised, or retracted.
• Material discrepancy flags added or resolved.
• Document submissions that result in editorial changes or discrepancy flags.
• Disputed findings where AltStreet has stood by the original finding.
• Verification renewal, lapse, or termination events.

Routine administrative communications — invoice issuance, scheduling, contact updates, password resets, and similar operational exchanges — are not included in the public audit log.

The audit log is intended to provide readers and external observers with a transparent record of the verification program's operation. Sensitive source documents referenced in audit log entries may remain confidential while the resulting editorial action is disclosed.

Verification does not authorize removal of editorial findings, data insights, perspective sections, or any other independent AltStreet analysis from a review.

AltStreet will remove or modify editorial content only in the following circumstances:

• A factual error is identified and a correction request supported by primary-source evidence is processed through the correction workflow.
• A legal demand from a competent jurisdiction requires removal, in which case the removal is logged in the audit log with the source of the demand identified to the extent legally permissible.
• AltStreet's own editorial review process determines that a finding is no longer supported by current evidence — independent of verification status.

Payment for verification, threats of litigation, marketing complaints, or platform requests to remove unfavorable findings without supporting evidence will not result in removal. Such requests, if made, are logged in the audit log.

A platform's verification status is represented by one of the following labels on its profile and reviews. Status changes are logged in the audit log.

• Verified: the platform holds an active Verified tier subscription. Standard analyst-reviewed fields, document library, right of reply, and quarterly refresh apply.
• Verified Plus: the platform holds an active Verified Plus tier subscription. Includes all Verified features plus analytics dashboard, inquiry routing, and comparison table attribution.
• Verified Premium: the platform holds an active Verified Premium tier subscription. Includes all Verified Plus features plus dedicated analyst contact, 48-hour priority correction processing, data product inclusion, press routing, and the annual deep-dive review update.
• Verification Lapsed: the platform was previously verified but did not renew. Verified factual fields revert to public-source and EDGAR-only data unless those fields remain independently verifiable. Previously submitted right-of-reply responses remain visible with the lapse notation. The lapse date is recorded in the audit log.
• Verification Terminated: verification was terminated before the natural lapse date — either by the platform via written notice or by AltStreet under Section 14. The termination date and reason category (platform-initiated, payment, policy violation, regulatory, or discretionary) are recorded in the audit log. Editorial content is unaffected.
• Verification Suspended: verification is temporarily paused pending resolution of a specific issue — for example, a contested correction outcome under formal review, a regulatory inquiry, or a payment dispute. Suspension is a transitional state that resolves to active, lapsed, or terminated within a defined period (typically 30 days). The suspension reason and resolution are recorded in the audit log.

Historical verification status is preserved on platform profiles. A platform that was Verified Premium in 2027, lapsed in 2028, and re-verified at Verified Plus in 2029 will show the full status timeline on its profile. This transparency is part of the program's credibility commitment — readers can see verification status changes over time.

If a platform disagrees with a correction outcome, an editorial finding linked to a verification submission, or a discrepancy flag, the platform may request a formal dispute review.

Dispute review process:

• The platform submits a written dispute notice to [email protected] within 14 business days of the original correction outcome. The notice should identify the specific finding or outcome being disputed and any additional primary-source evidence the platform wishes to submit.
• A separate AltStreet analyst — not the analyst who issued the original outcome — conducts an independent review of the original evidence and any additional materials submitted.
• The dispute review is completed within 10 business days of submission. Verified Premium platforms receive priority dispute processing within 5 business days.
• The dispute review can result in: confirmation of the original outcome (with additional reasoning recorded), modification of the outcome (with the basis for the modification recorded), or a new finding if the additional evidence reveals further discrepancies.
• The dispute outcome is recorded in the audit log with the date, the original outcome, the dispute outcome, and the reasoning. The dispute itself is logged whether or not the outcome changes.

Each correction outcome is eligible for one formal dispute review. After the dispute outcome is recorded, additional review of the same issue requires new primary-source evidence not previously submitted.

Disputes are an internal AltStreet process. They do not constitute legal arbitration. Platforms retain whatever legal remedies are available under the verification agreement, applicable contract law, or governing jurisdiction.

Verification is sold on an annual basis. Renewal invoices are issued 30 days before the verification expiration date. Verified status remains active through the expiration date.

If a verified platform does not renew, verified status lapses on the expiration date. The platform's profile reverts to the unverified state. Previously verified factual fields revert to public-source and EDGAR-only data unless those fields remain independently verifiable. The verification audit log remains intact and publicly visible.

Right-of-reply responses submitted during the verification period remain in the review after verification lapses, with a notation that the platform's verified status is no longer active. Platforms may not submit new responses while verification is lapsed.

A platform may terminate verification at any time by written notice to AltStreet. Refund treatment is governed by the verification agreement and invoice terms executed at the time of intake. As a default rule, no refund is issued for the remaining portion of the annual term once analyst review has commenced; refunds are available for paid invoices where analyst review has not yet started. Termination is logged in the audit log. Platforms should review the verification agreement and invoice terms for the binding refund policy that applies to their specific engagement.

AltStreet may terminate verification at its discretion in the event of: violation of this policy by the platform; discovery of material misrepresentation by the platform during the verification process; legal or regulatory action that materially affects AltStreet's ability to maintain the verification relationship; or non-payment of invoices beyond 60 days.

AltStreet maintains the following conflict-management policies in the operation of the verification program:

• Editorial independence: Editorial findings, perspective, ratings, data insights, and risk assessments are produced independent of the verification program. The same editorial standard is applied to verified and unverified platforms.
• No revenue sharing on investments: AltStreet does not receive commissions, fees, or revenue shares from investments made by readers in any platform — verified or unverified.
• No advertising sponsorship: Verified status is not advertising. Verified platforms do not receive promotional placement, sponsored content, or editorial favorability.
• Disclosure of financial relationships: Any non-verification financial relationship between AltStreet and a platform (for example, future enterprise data licensing, consulting engagements, or research services) is disclosed prominently in the relevant platform review.
• Analyst recusal: AltStreet analysts with personal financial holdings in a platform under review or verification recuse themselves from editorial decisions affecting that platform.

AltStreet may update this Verification Policy from time to time. Material changes that affect platform obligations or rights — including changes to scope, pricing, correction standards, right-of-reply rules, audit log scope, or termination terms — will be communicated to active verified platforms with at least 30 days notice before the change takes effect.

Non-material changes (clarifications, formatting, contact updates) may be made without advance notice. All versions of this policy are archived and previous versions remain accessible on request.

The current version and effective date are displayed at the top of this page. Verified platforms are bound by the policy version in effect at the time of their most recent annual renewal.

Questions, correction requests, right-of-reply submissions, and other verification program inquiries should be directed to: