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MTO

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exclusion reason

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Criminal Justice (1)
MTO Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

For-Profit Prisons
Since Jul 12, 2024

MTO is a private prison operator that derives its revenue from the incarceration of individuals in for-profit detention facilities. The company operates immigration detention centers under contract with U.S. Immigration and Customs Enforcement (ICE), holding a significant portion of federal immigration detainees. This business model creates a financial incentive to increase the detained population and maintain high occupancy rates.

Academic studies and oversight reports have documented systemic issues within the private prison model, including higher rates of inmate infractions and conduct violations in private facilities compared to public ones. While comprehensive data on specific incidents at MTO-operated facilities is not provided in the available evidence, the structural critique of the for-profit incarceration industry applies to its core operations. The company's revenue is directly tied to the scale of detention, aligning its financial interests with policies that expand the carceral system.

Research Sources 1 organization

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.