|
|
|||||
|
|
|
|
|
|
|
|
|
GAGNON SECURITIES BUSINESS At Gagnon Securities LLC (GS), we recognize that you rely on our systems
and services for the management of the assets that you have entrusted to us.
We also recognize that the unexpected can and does occur – from simple
situations to major outages. GS has
successfully maintained critical business activities during disruptions of
normal business processes and we want you to know that we have an extensive
plan in place to safeguard your vital account information in the event of a
business disruption of varying scope. GS has pre-established contingency and disaster recovery plans. Components of this plan are reviewed and
tested periodically to ensure effectiveness.
GS considers contingency planning to be an ongoing process that
requires regular review and assessment of the various risks and appropriate
responses. As a result, our plan may
change from time to time as necessary.
Please feel free to contact us at any time at 212-554-5000 to receive
the most updated version of our Business Continuity Plan Summary. In addition, the most recent version of our
summary can be found on our web site, www.gagnonsec.com. Our clearing firm, JP Morgan Clearing Corp, backs up their important
records in a geographically separate location. Some of these records contain
custodial and settlement records for our clients. While emergency situations may pose unique
problems, depending upon time of day and the severity of the disruption, our
clearing firm has advised us that its objective is to restore its own
operations, be able to complete pending transactions, and accept new
transactions within 12 hours. Orders
and requests for funds and/or securities could therefore be delayed during
this period. Significant business disruptions can vary in scope. For example, they could affect only our
firm; a single building that house our firm; the business district within
which we operate; the city in which we are located; or the entire
region. Within each of these areas,
the severity of disruption can vary from minimal to severe. In a disruption to our firm or a building
that houses our firm, we will transfer our operations to a site(s) outside of
the affected area, recover and resume business within eight hours by either
connecting to our main computer network or our duplicate computer network
located outside of New York City that receives regular daily streams of back
up data. In any scenario of business
disruption we plan to continue our business; if necessary we will transfer
our operations temporarily to our clearing firm. We will notify our clients
by any means available to us including telephone, e-mail, cell phone, or
postings to our web site. If a significant
business disruption is so severe that it prevents us from remaining in
business, we will assure prompt access to our clients’ funds and
securities. Key features of GS’s Business Continuity
Plan include annual reviews of the following: • Identification
of all mission critical systems (and system backup and recovery) • A review of
financial operations and risks • Alternate
communications between GS and our clients, clearing firm, critical business
constituents and regulators • Employee safety
strategies and communications • Alternate
computer network location and preparedness If you have any questions regarding our Business Continuity Plan please do
not hesitate to contact either SueAnn Murray at
212-554-5030 or Susan Grant at 212-554-5050. Revised 11/10/08 |
|
|
||
|
|
|
NASD Members | Privacy Policy | SEC Fillings | Business Continuity | Alternate Investments |
|
||
