Business Continuity Plan
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In the event of a Significant Business Disruption (SBD) that is internal (only relates to Garrett Nagle & Co., Inc.'s office) or external (an event that could be regional, national and prevents the operation of securities markets, affects a number of firms...like a terrorist attack, flooding, etc..) we will attempt to contact our customers as quickly as possible. We will utilize whatever communication vehicles are available to us depending upon the severity of the SBD. Our clearing firm, National Financial Services LLC also has a BCP in place to facilitate the operations of its customers, like Garrett Nagle & Co., Inc.
Garrett Nagle & Co., Inc. will continue to be the conduit between our clients and the clearing firm for communications, trades and check requests. The facilitating process may change but the client will still have access to their securities and funds in their accounts.
In the event that we are unable to process orders from our office or our relocated site the client will be directed on how we will proceed with the clearing firm.
We should be able to set-up at the new temporary location and be fully operational within 48 hours for trading and processing check requests. These items can also be expedited by us by phone to our clearing firm as we get up to speed. During that time frame we will be attempting to contact all clients to keep them informed of our status and how to stay in contact with us.
This BCP will be reviewed annually or more frequently if deemed necessary. It will be updated when changes occur as a result of these reviews. All clients will receive a copy of this summary at the time of account opening and annually coupled with our privacy statement. It can also be obtained by mail upon request.
Updates and Annual Review
Our BCP will be reviewed annually by our executive representative and updated as needed. The review will encompass any changes in our operations, business structure, business niche and location and any changes with our clearing firm relationship.
Senior Management Approval
I have approved this Business Continuity Plan as reasonably designed to enable our firm to meet its obligations to customers in the event of an SBD.