Business Continuity Planning Disclosure
World Equity Group has developed a Business Continuity Plan which details 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.
Contacting Us - If after a significant business disruption you cannot contact your World Equity Group representative as you normally do, you can call the firm's main office at (847) 342-1700, or look for information on the firm's website at www.worldequitygroup.com. In addition, you can e-mail your representative for information, or you can e-mail the firm's corporate offices at firstname.lastname@example.org. If you cannot access us through either of those numbers or through e-mail, you should contact one of our clearing firms: RBC Correspondent Services, through their website www.rbcwm-usa.com or Pershing LLC, through their website at www.pershing.com, for instructions on how they may provide you with prompt access to funds and securities, as well as enter and process orders on your behalf.
Our Business Continuity Plan - 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 if we are unable to continue our business. Our clearing firms, RBC Correspondent Services and Pershing, LLC, performs backups to 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 firms that their objective is to restore their respective clearing and settlement operations within 4 hours, and to complete existing transactions and accept new transactions and payments within the same business day. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions - 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 4 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 one business day. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our main telephone number (847-342-1700), or web site (www.worldequitygroup.com) about how to contact us. 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.
For more information - If you have questions about our Business Continuity Plan, you can contact us (847) 342-1700