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; bank and counter-party. International Financial Solutions, Inc. is a broker-dealer firm and member of the Financial Industry Regulatory Authority (FINRA) since 1996 and is also a member of Securities Investor Protection Corporation (SIPC). International Financial Solutions, Inc. has developed a Business Continuity Plan that details 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.
If after a significant business disruption you cannot contact us as you usually do at firstname.lastname@example.org, you should call our alternative number (631)767-5123 or go to our web site at www.ifssecurities.com. If you cannot access us through either of those means, you should contact our clearing firm, Raymond James & Associates.Inc (RJA).,at 1-727-567-1000 and Sterne, Agee & Leach,Inc (SAL) at 1-800-778-6257 or for instructions on how it may ensure that clients have access to their funds and securities in the event there is a significant business disruption. RJA and SAL. plans are designed to address key areas of concern including but not limited to the following services:
- Books and records recovery
- All mission critical systems
- Financial and operational assessments
- Alternate physical locations of employees
- Critical business constituent, bank and counter-party impact
- Regulatory reporting
- Communications with regulators
In the event of a significant business disruption, we plan to to quickly recover, resume business operations 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 continue to transact business.
Our Business Continuity Plan
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. It is the firm’s intent to not have this 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, RJA and SAL., 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 a 1 hour time period. Your orders and requests for funds and securities could be delayed during this period.
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 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 a two hour time period. 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 a two hour time period. 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.ifssecurities.com or our customer emergency number, (631) 767-5123. 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 (678) 999- 2407 or www.ifssecurities.com