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Business Continuity Plan Disclosure
Dowling & Partners Securities, LLC
Business Continuity Plan Disclosure
Dowling & Partners Securities, LLC is committed to safeguarding
the interests of our clients and customers in the event of an emergency
or significant business disruption. This Business Continuity Plan
Disclosure (the BCP) summarizes Dowling & Partners Securities,
LLC efforts to mitigate risks inherent with unforeseen business interruptions.
The firm’s comprehensive business continuity strategy is designed
to enable us to meet our existing obligations to our clients and
customers even in the event of an emergency or significant business
disruption. This BCP is intended to comply with the rules
promulgated by the NYSE and FINRA.
Overview
Dowling & Partners maintains two primary facilities to house
the backbone of our trading, sales, operations and information technology.
These two facilities are located far enough apart to diminish risks
posed by local disruptions. This separation is a key element of the
firm’s overall business continuity strategy. This separation
allows us to plan for events at each location individually, since
no one event should effect more than a single location simultaneously.
Our response to an event will depend on many factors, including whether
the event is a firm only business disruption, a disruption to a single
building, a disruption to a business district or a city-wide business
disruption.
Communications with Our Employees in the Event of a Disruption
The safety and well being of our employees is a vital concern. In
the event of an emergency or significant business disruption, the
firm will communicate with its employees in several different ways.
General information such as office closures and operating hours will
be posted on the firm’s website. Additionally, employees and
senior managers will be contacted directly via telephone and/or e-mail.
Back-Up Trading, Sales and Operations Site
The firm maintains a back-up trading and operations facility in Stamford,
CT, located approximately 75 miles from the firm’s primary
location in Farmington, CT. In the event that we are unable to access
our primary facility, it may be necessary to relocate certain personnel
to the back-up site. The back-up facility is staffed and operational
during normal business hours.
Protection of Primary Facilities
Dowling & Partners places a high priority on protecting the infrastructure
of its primary facility because it will allow the firm to continue
to operate in the event of many disaster situations by permitting
our employees to have access to and use the firm’s facilities
during that situation. Our primary facility is equipped with a natural
gas powered generator which is independent of the local power grid
and is designed to supply the primary facility with all of its electrical
requirements.
Disclaimer
The firm’s comprehensive business continuity strategy is designed
to enable us to meet our existing obligations to our clients and
customers even in the event of an emergency or significant business
disruption. The plan is designed to work in many different emergency
situations, however it is not infallible. These events are, by their
nature, unpredictable and it is impossible to anticipate every scenario
that could cause a business disruption. Furthermore, although we
believe we have taken the appropriate steps to ensure our preparedness,
Dowling & Partners has no control over the various entities that
we must rely on in the event of an emergency. Our business continuity
plans are tested by ensuring data integrity periodically; yet such tests may not be able to
replicate the actual conditions we experience in a real emergency.
This BCP is subject to change without notice. In the event that this
BCP is modified, the updated document will be posted to the Dowling & Partners
website. (dowling.com)
The information contained in this disclosure is provided by Dowling & Partners
Securities, LLC for informational purposes only.
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