Financial
Sciences’
Business
Continuity Planning
Financial Sciences Inc. has developed a Business Continuity Plan
on how we will respond to events that significantly disrupt 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 with this information on our business continuity
plan.
Contacting Us – If after a significant business disruption you cannot contact
us as you usually do at (617)338-5700, you should call our alternative number
781-729-9466 or go to our web site at www.financialsciences.com. If you cannot
access us through either of those means, you should contact our clearing firm,
Ridge Clearing and Outsourcing Solutions Inc., at 800-677-1858 and their
website at www.RidgeClearing.com for
instructions on how it may provide
prompt access to funds and securities, enter orders and process other
trade-related, cash, and security transfer transactions for you.
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, given the scope
and severity of the significant business disruption.
Our business continuity plan addresses: data back up and recovery;
all mission critical systems; financial and operational assessments;
alternative communications with customers, employees, and regulators; alternate
physical location 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, Ridge Clearing, backs up our important records
in a geographically separate area. 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 within 4 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 our firm, the business district where our firm is 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 a local site when
needed and expect to recover and resume business within 4 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 recover and resume
business within 1 day. In either situation, we plan to continue in business,
transfer operations to our clearing firm if necessary, and notify you through
our web site www.FinancialSciences.com or our customer emergency number, 781-729-9466.
If the significant business disruption is so severe that it prevents us from
remaining in business, we will assure our customer’s prompt access to their
funds and securities.
For more information – If you have questions about our business continuity planning, you
can contact us at (617)338-5700
Copyright 2010 Financial Sciences, Inc. All right reserved.
Member: Financial Industry Regulatory Authority (FINRA)
Securities Investors Protection Corporation (SIPC)
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