Money Concepts Capital Corp 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.
If after a significant business disruption, you cannot contact us at 561-472-2000, or
call toll free 800-326-1825 for any updates. You should contact your Money Concepts Capital Corp.
Representative or the investment companies directly if you need immediate access to your accounts.
If you currently have a brokerage account through Pershing, LLC (our clearing firm) please refer to the instructions below.
In the event that Money Concepts Capital Corp, experiences a significant business interruption,
clients with a Pershing brokerage account may contact Pershing directly to process limited trade-related transactions,
cash disbursements, and security transfers. Instructions to Pershing must be in writing and transmitted via facsimile or postal service as follows:
Please note that the fax number above is for business interruption-related issues only, and should not be used for any other purposes, such as change of address notices, account transfers, and credit verification. Information received on this fax that is unrelated to business interruption issues will not be acted upon.
For additional information about how to request funds and securities when Money Concepts Capital Corp cannot be contacted due to a significant business
interruption please refer to additional information located at www.Pershing.com or call (201) 413-3635 for recorded instructions.
If you cannot access the instructions from the previously noted telephone number, Pershing may be contacted at (213) 624-6100 extension 500 as an
alternate telephone number for recorded instructions.
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.
Our clearing firm, Pershing 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 4 hours. 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 24 hours. 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 48-72 hours. In either situation, we plan to continue in business, transfer operations to our St Louis,
Missouri Office of Supervisory Jurisdiction (OSJ) Stan Lindquist (636) 925-3000 if necessary, and notify you through our web site,
www.MoneyConcepts.com or our customer emergency number, 800-326-1825, on how to contact us.
It is important to remember that all your accounts are either held
directly at the investment company or at our clearing firm, Pershing. You can always contact them directly for immediate assistance.
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.
Money Concepts Capital Corp will adhere to the procedures described in its business continuity plan and described above to the extent commercially reasonable and practicable under prevailing circumstances. There are, however, an incalculable number of events or circumstances that could result in a significant business disruption and their impact may vary greatly in size, scope, severity, duration, and geographic location. Further, significant business disruptions may result in varying degrees of harm to human life and regional or national infrastructure (power, transportation, communications, etc.) that could affect the firm’s recovery in significant and different ways.
In light of this, Money Concepts Capital Corp, in its sole discretion, reserves the right to flexibly respond to any disruption in a situation-specific and prudent
Nothing in this disclosure document is intended to provide a guarantee or warranty regarding the actions or performance of the firm, its computer systems,
or its personnel in the event of a significant business disruption.
If you have questions about our business continuity planning, you can contact us in writing atMoney Concepts Capital Corp
Important Investing Information: Not all investments and services mentioned are available in all states. Money Concepts registered representatives are restricted to conduct business only with residents of a state and/or jurisdiction for which they are properly registered. When investing from outside of the United States, you are subject to the securities and tax regulations governing your jurisdiction. Contact us directly for detailed information about investment regulations outside of the United States. Registered Representatives State License Disclosure
note: Ashton Wealth Management is an independent firm and not affiliated with Money Concepts