CGIS Securities, LLC maintains a Business Continuity Plan (BCP) in the event of a building, city-wide, or regional incident. It is the policy of CGIS Securities, LLC to be prepared to respond to a significant business disruption in a manner that:
- Provide a safeguard for CGIS employees
- Recover critical functionality as soon as possible
- Protects all of the Firm's books and records
- Allows customers to transact business and access to their assets
Our clearing firm, Pershing LLC, maintains the Firm's customers' accounts, can grant customer access to them, and deliver funds and securities. In the event that the Firm determines it is unable to continue its business, it will assure customers prompt access to their funds and securities through Pershing LLC.
Furthermore, if Pershing were to experience a significant business disruption, their own business continuity plan summarizes their actions, including relocating technology and operational personnel to alternate regional facilities. Technology data processing can also be switched to an alternate regional data center. All of Pershing's operational facilities are equipped for the resumption of business and have a recovery time objective of four (4) hours. This recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond our control.
For a complete version of our BCP, please click HERE.