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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, you should contact our clearing firm, First Clearing LLC at 800-727-0304 or www.firstclearingllc.com for instructions on how they may help you contact us or access your funds or securities.
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.
Our clearing firm, First Clearing LLC, backs up our important records on a regular basis in a geographically separate area of the country. While every emergency situation poses unique problems based on many external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that it's objective is to restore its own operations and be able to complete existing transactions and accept new ones and payments within a few 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 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 (817-926-2851 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 mz@rsi2.com.
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