BUSINESS CONTINUITY plan

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BCP

BUSINESS CONTINUITY PLAN

ACP Securities, LLC maintains a Business Continuity Plan (BCP) in the event of a building, city-wide, or regional incident. It is the policy of ACP Securities to be prepared to respond to a significant business disruption in a manner that:

  • Safeguards employees’ lives and Firm property
  • Allows the Firm to make an expedient financial and operational assessment
  • Recovers adequate functionality as soon as possible
  • Protects all of the Firm’s books and records
  • Allows customers to transact business and access to their assets

Our clearing firm, Pershing LLC maintains the Firm’s customers’ accounts, can grant customer access to them, and deliver funds and securities. In the event that the Firm determines it is unable to continue its business, it will assure customers prompt access to their funds and securities through Pershing LLC.

Furthermore, if Pershing were to experience a significant business disruption, their business continuity plan outlines their actions, including relocating technology and operational personnel to preassigned alternate regional facilities. Technology data processing can also be switched to an alternate regional data center.* All of Pershing’s operational facilities are equipped for the resumption of business and have a recovery time objective of four (4) hours. This recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond our control.

CLIENT INSTRUCTIONS

ACP Securities were to experience a significant business disruption, Pershing may be contacted directly to process limited trade-related transactions, cash disbursements, and security transfers. Instructions to Pershing must be in writing and transmitted via facsimile or postal service as follows:

Pershing, LLC
P.O. Box 2065
Jersey City, NJ 07303-2065
Fax: (201) 413-5368

For additional information about how to request funds and securities when ACP Securities cannot be contacted due to a significant business disruption, please refer to the information below or call (201) 413-3635 for recorded instructions. If you cannot access the instructions from the previously noted telephone number, Pershing may be contacted at (213) 624-6100 extension 500 as an alternative telephone number for recorded instructions.

The specific transactions Pershing will perform for clients of ACP Securities, and the required accompanying information, are as follows:

Trades

Pershing will process the following closing security transactions:

  • Client brokerage account number
  • Client name (as registered on the brokerage account)
  • Exact amount to be disbursed
  • Indicate method of disbursement (as follows) and provide the information indicated:
    • Check (payable to account name only)
      • Indicate name and address of record check is to be mailed to
    • Federal funds
      • Indicate receiving bank name, ABA number, and receiving bank account number

NOTE: The receiving bank account name and brokerage account name must be identical unless we have a letter of authorization on file indicating alternate instructions.

Securities Transfers

  • Pershing will process security transfer requests upon written instructions that must include the following information:
  • Client brokerage account number
  • Client name (as registered on the brokerage account)
  • Description of security(ies) to be transferred, including symbol(s) or CUSIP number(s)
  • Quantity to be transferred
  • Receiving account information for securities, as follows:
    • Transfer to another brokerage account at Pershing
      • Provide receiving account number at Pershing (name and address on both accounts must be the same)
    • Transfer to another financial organization
      • Name of receiving financial organization
      • DTC number (if the receiving financial organization is a registered broker-dealer)
      • Account number at the receiving financial institution

* Pershing’s contingency plans to address unexpected, extended service disruptions include the possibility of such a disruption at Pershing but not at ACP. In such a situation, ACP would be able to provide securities trading services to its clients over a web-based connection in conjunction with Pershing’s contingency plans. ACP has procedures and designated personnel authorized to implement the trading system and thereby minimize any such disruption.