Business Continuity Plan
MGO Securities Corp.
Disclosure of Business Continuity Plan
Our firm’s policy 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 the firm’s books and records, and allowing our customers to transact business.
Our plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect only our firm’s ability to communicate and do business, such as a fire in our 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.
In the event of an SBD we have the capability to conduct business from the homes of the shareholders and management staff of parent company Moskal Gross Orchosky Inc. All home offices are provided with: computer, fax machine, telephone and remote access to systems and internet/email capabilities.
Clients have direct access to their accounts by calling the investment company with which their assets are held directly themselves. The phone number can be found on the confirmation statements, generated on a quarterly basis, by the investment company. The investment company can process the transactions for the account owner. Most of the investment companies have web sites with which account information can be accessed and trades processed. Clients with direct access to the investment company include the plan sponsor of Qualified Retirement plans and Individual Retail Clients. Participants of Retirement Plans should contact their plan sponsor to determine if they have direct access to their accounts via the investment company.