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Firm Policy |
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The policy of ECS is to respond to a Significant
Business Disruption (“SBD”) by
safeguarding employees’ lives and Firm
property, making a financial and operational
assessment, quickly recovering and resuming
operations, protecting all of the Firm’s
books and records, and to the extent practicable,
allowing our customers to transact business
as soon as possible following such SBD. In
the event that ECS determines that it is unable
to continue its business, the Firm will take
steps to assure customers prompt access to
investments and underlying issuers of those
investments. |
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Significant Business
Disruptions (“SBDs”) |
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The plan anticipates two kinds of SBDs, internal
and external. Internal SBDs affect only the
ability of ECS to communicate and do business,
such as a fire in its building. External SBDs
prevent the operation of the securities markets
or a number of firms, such as a terrorist attack,
a city flood, or a wide-scale, regional disruption.
The response of ECS to an external SBD relies
more heavily on other organizations and systems. |
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BCP Designated Principal – Approval
and Execution Authority |
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Russell Weinberg (the “BCP
Designated
Principal”) is the registered and designated
principal responsible for approving the Plan
on behalf of the Firm, and for conducting the
required annual review. The BCP Designated
Principal, or his (her) designee has the authority
to execute this plan. |
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Plan Location and
Access |
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ECS will maintain copies of the Plan and
the annual reviews, and the changes that have
been made to it. The Firm will make such records
available for inspection by the NASD and SEC.
An electronic copy of the Plan is located on
ECS’ main server drive labeled “F”,
in sub-directory labeled
“Admin”, and in the folder named “Business
Continuity Plan.” |
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Updates and Annual
Review |
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ECS will update the Plan whenever there is
a material change to the operations, structure,
business or location of the Firm. In addition,
ECS will review this Plan annually, on or before
December 31 of each respective year, to modify
it to address any changes in the operations,
structure, business or location of the Firm
or its branch offices. |
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