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Backstrom McCarley Berry & Co., LLC 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 at 415 392-5505 / vmccarley@bmcbco.com, you should
call our alternative number 866 878-2622 (BMCB). If you cannot
access us through either of those means, you should contact our
clearing firm, Wedbush Morgan Securities, 1000 Wilshire Blvd.
Los Angeles, CA 90017, (213) 688-4575, Cynthia.Greasby@wedbush.com,
http://www.wedbush.com for instructions on how it may provide
prompt access to funds and securities, enter orders and process
other trade-related, cash, and security transfer transactions.
BMcB 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, Wedbush Morgan Securities, 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 the
same day or shortly thereafter. 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 or shortly thereafter.
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 same day or shortly
thereafter. In either situation, we plan to continue in business,
transfer operations to our clearing firm if necessary, and notify
you through our customer emergency number, 866 878-2622 (BMCB)
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 415 392-5505 or vmccarley@bmcbco.com.
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