Business Continuity Plan Disclosure
Arcstone Securities, LLC Business Continuity Plan Disclosure
Arcstone Securities, LLC (“Arcstone”) has developed a Business Continuity Plan (“BCP”) describing how Arcstone will respond to events that significantly disrupt its business. Because the timing and impact of disasters and other significant business disruptions are unpredictable, Arcstone will evaluate the specific circumstances of each event and take steps that are reasonably designed to permit the continuation or orderly resumption of its critical business operations.
How to Contact Us
If you are unable to reach your usual Arcstone contact following a significant business disruption, you may contact Arcstone at [main telephone number], [general email address], or through our website at [website address]. If appropriate, updated contact information and service notices will be posted on our website.
Our Business Continuity Plan
Arcstone’s BCP is designed to safeguard personnel, protect books and records, assess financial and operational impacts, maintain or restore mission-critical systems, and facilitate communications with clients, employees, counterparties, service providers, banks, and regulators, as appropriate.
Arcstone’s BCP addresses, to the extent applicable to its business, data backup and recovery, mission-critical systems, financial and operational assessments, alternate communications with clients and employees, alternate work locations, the impact of disruptions on key vendors, counterparties and banks, and required regulatory communications and reporting. FINRA’s rule is flexible but requires firms to address these core areas in their written BCPs as applicable.
Arcstone relies on a combination of internal systems and third-party service providers to support certain critical functions, including communications, technology, and record retention. In the event of a disruption, Arcstone expects to use these resources, together with remote-work and other contingency arrangements, to support the continuation or recovery of operations. Recovery times may vary depending on the nature, scope, and severity of the disruption and the status of affected third parties.
Disruptions of Varying Scope
Significant business disruptions may affect only Arcstone, a single office building, a local market, or a broader geographic region. In the event of a disruption, Arcstone may continue operations from remote locations, transfer activities to an alternate work location, or use other contingency arrangements, depending on the circumstances. Arcstone’s objective is to resume critical business activities as soon as reasonably practicable, consistent with the scope and severity of the disruption. FINRA specifically requires disclosure addressing the possibility of future disruptions and how the firm plans to respond to events of varying scope.
Customer Accounts, Funds and Securities
Arcstone is engaged primarily in investment banking, M&A advisory, and capital markets activities. Arcstone does not generally maintain customer brokerage accounts or custody customer funds or securities directly. In the event of a significant business disruption, Arcstone will work to provide clients with access to transaction-related information and communications through available personnel, systems, and service providers. If any client assets, accounts, or related services are maintained through another financial institution or service provider, access to those assets or services would be subject to that entity’s own business continuity procedures. This tracks FINRA’s requirement that a firm’s BCP address prompt access to customer funds and securities where applicable and address reliance on other entities where relevant.
More Information
This disclosure is a summary of Arcstone’s business continuity planning. It is not Arcstone’s full BCP. Arcstone may revise this disclosure from time to time to reflect material changes in its business, operations, or response procedures. For more information regarding Arcstone’s business continuity planning, please contact us at info@arcstoneglobalsecurities.com or (416)-985-0757.