Last Modified: September 22, 2023
Brown, Gibbons, Lang & Company Securities, LLC
Brown, Gibbons, Lang & Company Securities, LLC plans to quickly recover and resume business operations after a significant business disruption (SBD) 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 company’s business continuity plan (BCP) is designed to permit us to resume operations as quickly as possible, given the scope and severity of the SBD.
The BCP 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 providing issuer contact information to investors if we are unable to continue our business.
The product issuer maintains all records related to your investments and account holdings and backs up important records in accordance with their business continuity plan. For more information on their contingency plan, please contact the sponsor or issuer directly at the telephone number provided on your offering documents or through their website.
Significant Business Disruptions: The Company’s plan takes into account two kinds Significant Business Disruptions, internal and external. Internal SBDs affect only the Company’s ability to communicate and do business, such as a fire or loss of electrical power in the office or building.
External SBDs prevent the operation of the securities markets for a number of firms, such as a terrorist attack, a natural disaster, or another event that causes a wide-scale, regional disruption in essential services.
Internal SBDs: In the event of a disruption in the Company’s business operations due to an internal SBD, the Company will attempt to continue to conduct business as usual by utilizing alternative communication methods (if available), such as the Internet, cell phones, etc., or by moving its operations to an alternative location.
If personnel or operations must be moved to an alternate location, the Company anticipates that it will resume regular operations with 24 hours.
External SBDs: In the event of a disruption in the Company’s business operations due to an external SBD, the Company will attempt to continue to conduct business as usual by moving its operations to an alternative location outside the effected area, if possible, or by providing customers with alternative communication arrangements, as indicated below, to conduct business or to access their funds and securities.
The Company will attempt to resume business within (24-48 hours) and to keep its customers informed regarding relevant events to the best of its ability based on the circumstances.
In all cases, the Company will resume normal business operations as soon as it is able to do so, based on the type and the extent of the disrupting event.
If the significant business disruption is so severe that it prevents us from remaining in business, we will attempt to notify our clients regarding the situation and provide them with alternatives and instructions for completing pending transactions as well as contact information.
Communications: In the event you are unable to reach the Company at our main number, please proceed as follows:
- Contact the Company at the following alternate telephone number: 216.241.2800.
- Access the Company’s parent website at https://www.bglco.com/
- Contact FINRA’s District office at the following telephone number for more information on the company’s status and additional instructions: 312.899.4400.
Contact information: Any questions regarding the Company’s Business Continuity Plans should be addressed to:
Andrew K. Petryk, Managing Director, 1375 E. 9th Street, Suite 2500, Cleveland, OH 44114; or by calling 216.241.2800.
Beginning June 30, 2020, broker-dealers are required to provide retail investors with a disclosure form known as Form CRS.
Form CRS is intended to be a simple, easy-to-read client relationship summary and discloses:
-The types of client relationships and services the firm offers;
-The fees, costs, conflicts of interest and standard of conduct associated with those relationships and services;
-Whether the firm and its financial professionals currently have reportable legal or disciplinary history;
-How to obtain additional information about the firm.