Securities
Research, Inc. has developed a Business Continuity Plan on how we will respond
to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is
unpredictable, we will have to be flexible in responding to actual events as
they occur. With that in mind, we are
providing you with this information on our business continuity plan.
Contacting Us – If after a significant business disruption you cannot contact us as you
usually do you should call our alternative number 203.798.8844 or go to our web
site at www.esecuritiesresearch.com/. If you cannot access us through either of
those means, you should contact our clearing firm, ADP Clearing and Outsourcing
at 212.747.1400 for instructions on how it can provide prompt access to funds
and securities, enter orders and process other trade-related, cash, and
security transfer transactions.
Our Business Continuity Plan – We plan to quickly
recover and resume business operations after a significant business disruption
and respond by safeguarding our employees and property, making a financial and
operational assessment, protecting the firm’s books and records, and allowing
our customers to transact business. In
short, our business continuity plan is designed to permit our firm to resume
operations as quickly as possible, given the scope and severity of the
significant business disruption.
Our business continuity plan addresses: data back up
and recovery; all mission critical systems; financial and operational
assessments; alternative communications with customers, employees, and
regulators; alternate physical location of employees; critical supplier,
contractor, bank and counter-party impact; regulatory reporting; and assuring
our customers prompt access to their funds and securities if we are unable to
continue our business.
Our clearing firm, ADP Clearing and Outsourcing, backs up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 48 hours. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions – Significant business
disruptions can vary in their scope, such as only our firm, a single building
housing our firm, the business district where our firm is located, the city
where we are located, or the whole region.
Within each of these areas, the severity of the disruption can also vary
from minimal to severe. In a disruption
to only our firm or a building housing our firm, we will transfer our
operations to a local site when needed and expect to recover and resume
business within the same day. In a
disruption affecting our business district, city, or region, we will transfer
our operations to a site outside of the affected area, and recover and resume
business within the same day. In either
situation, we plan to continue in business, transfer operations to our clearing
firm if necessary, and notify you through our web site [URL] or our customer
emergency number, 203.798.8844 how to contact us. If the significant business disruption is so severe that it
prevents us from remaining in business, we will assure our customer’s prompt
access to their funds and securities.
For
more information – If you have questions about our business continuity planning, you
can contact us at 772.231.6689.