Rhodes Securities, Inc. has developed a Business Continuity Plan to address how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, flexibility will be key in responding to actual events as they occur. With that in mind, we are providing our customers with this general information regarding our business continuity plan.
Contacting Us—If, after a significant business disruption you cannot contact us at the Rhodes Securities’ corporate office phone number (817-334-0455), you should call one of our alternate phone numbers (817-926-2851 or 817-237-2922) or access our web site at www.rhodessecurities.com for more information. If you cannot reach us through either of these means, as a client of Rhodes Securities, Inc., we recognize you may need to access your account to sell a position or request a check before we re-establish telephone service. During this time, First Clearing, our clearing firm, will assist you with sell/liquidation orders and provide check disbursements, if needed. If you cannot contact us, please call First Clearing for assistance at 877-496-3223.
Our Business Continuity Plan—We intend to quickly recover and resume business operations after a significant business disruption and respond appropriately 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 each particular disruption.
Rhodes Securities’ business continuity plan, at a minimum, addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical locations 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.
First Clearing Correspondent Services (First Clearing) provides a comprehensive suite of solutions to help independent, unaffiliated retail broker dealers run more efficiently, grow more confidently and protect more effectively. These solutions include trade execution and clearance, securities settlement, record keeping, client confirmations and statements, broker workstation technology, and access to full range of investment products and services.
Varying Disruptions—Significant business disruptions can vary in their scope, such as: only affecting our firm; the single building housing our firm; the business district where our firm is located; the city where we are located; or our entire region of the country. 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 the building housing our firm, we intend to transfer our operations to a local site when necessary and expect to recover and resume business within a few hours, or as soon as operationally possible. In a disruption affecting our business district, city, or geographic region, we will transfer our operations to a site outside of the affected area, and we intend to recover and resume business within twenty-four hours, also as soon as operationally possible. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our website www.rhodessecurities.com , or through our emergency contact numbers (817-723-5779 or 817-237-2922), on how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customers’ prompt access to their funds and securities.
For more information—If you have any questions regarding our Business Continuity Plan or would like a printed copy of this notice, please contact Marilyn Zehntner at 817-334-0455 or firstname.lastname@example.org.