Business Continuity Plan (“BCP”)

Boenning & Scattergood, Inc. has developed a Business Continuity Plan for 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.

We plan to quickly recover and resume business operations after a significant business disruption and respond by making a financial and operational assessment, safeguarding our employees, allowing our customers to continue to transact business and protecting the firms’ books and records. 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 functions; alternative communications with customers, employees and regulators; alternate physical locations for employees; critical business constituents 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 firm, Wells Fargo Clearing Services, LLC, regularly backs up 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 firm that its objective is to restore its own operations, be able to complete existing transactions, and accept new transactions and payments within a reasonable period of time. Your orders and requests for funds and securities may be delayed during this period.

Significant business disruptions can vary in their scope, such as affecting only our firm, the business district where our firm is located, the city or town 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. Boenning & Scattergood has established a recovery site for technology connectivity. Should a business disruption occur at headquarters, key employees will be relocated to a designated disaster recovery location. In the event that any such disruption occurs, we have developed alternative service arrangements, systems and contingency plans to ensure that our service is quickly restored.

If you have questions about our BCP,  you can contact us at 610.832.1212.