Legend Merchant Group Business Continuity Planning
Legend Merchant Group, Inc. (“Legend” or “the Firm”) 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 is 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 by phone like you usually do at (212)-809-5568 (New York) or (415) 957-9555 (San Francisco), you should call our alternative number 704-516-1836 or go to our website at http://www.legendmerchant.com. If you cannot access us through either of those means, you should contact our clearing firm, RBC Correspondent Services at 612-607-8903 or http://www.rbccorrespondentservices.com/index.htm for instructions on how it may assist you in the management of your account including how to provide prompt access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions for our customers.
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 backup 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, RBC Correspondent Services, 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 promptly after any business disruption. 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, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In either situation, we plan to promptly continue in business, or transfer operations to our clearing firm if necessary, and notify you through our web site Legend Merchant.com or our customer emergency number, 704-516-1836 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 customer’s prompt access to their funds and securities.
For more information – If you have questions or would like to request a copy of our business continuity plan, you can contact us at 60 Broad Street, New York, New York (212) 809-5568 or at http://www.legendmerchant.com.