Presidential Brokerage, Inc. Business Continuity Planning Summary
Presidential Brokerage, Inc., has developed a Business Continuity
Plan describing how we will respond in the event of a significant
disruption to our business. Since the timing and impact of disasters
and disruptions are unpredictable, we will have to be flexible in
responding to actual events as they occur. With that in mind, we
are providing you these guidelines relating to our business continuity
plan in the event of a significant business disruption.
Contacting Us – If after a significant business
disruption you cannot contact us as you usually do at one of our
branch offices, you should call our alternative numbers: 800-230-1288
or 303-694-1600 (corporate headquarters), 800-926-1288, or 888-823-1288.
Or please refer to our web site at www.presidentialbrokerage.com.
If you cannot access us through those means, you should contact our
clearing firm, First Clearing, LLC at 800-727-0304. The address of
our clearing firm is First Clearing, LLC, Riverfront Plaza, West
Tower, 901 E. Byrd St., Richmond, VA 23219. Our clearing firm’s
web site is www.firstclearing.com.
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 relative
to the scope and severity of an unforeseen significant business disruption.
Our business continuity plan addresses: 1) data back up and recovery;
2) mission critical systems; 3) financial and operational assessments;
4) alternative communications with customers, employees, and regulators;
4) alternate physical location of employees; 5) critical suppliers,
bank and counter-party impact; 6) regulatory reporting; 7) and assuring
our customers prompt access to their funds and securities if we are
unable to continue normal business operations.
Our clearing firm, First Clearing, LLC, archives important records
at their corporate facilities and provides additional back up of
those records in a geographically separate area. These records include
account information, balances, securities positions, and transactions.
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 in the shortest time possible.
Your orders and requests for funds and securities could be delayed
during a period of resumption of operations.
Varying Disruptions – Significant business
disruptions can vary in their scope, such as an event involving 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 an alternative site, such as a branch location, when needed and
expect to recover and resume business within 24 hours. In a disruption
affecting our business district, city, or region, we will transfer
our operations to a site outside of the affected area, and attempt
to recover and resume business within the shortest time possible.
In either situation, we plan to continue in business, transferring
operations to our clearing firm if necessary, and provide information
through our web site www.presidentialbrokerage.com,
or our customer emergency number, 800-230-1288. If the significant
business disruption is so severe that it prevents us from remaining
in business, we will do everything within our power to assure customers
prompt access to their funds and securities.
For more information – If you have questions
about our business continuity plan, please contact us at:
Presidential Brokerage, Inc .
5445
DTC Parkway, Suite 1100
Greenwood Village, CO 80111
303-694-1600
800-230-1288
Member : FINRA/SIPC
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