Business Continuity Plan
Siebert Cisneros Shank & Co., LLC — Business Continuity Plan
FOR INSTITUTIONAL CUSTOMERS
As you may know, Siebert Cisneros Shank & Co., L.L.C. (SCS) and National Financial Services LLC (NFS) have an agreement in which NFS provides trade execution, clearing, and other related services for your brokerage account. We want you to know that NFS has an extensive plan in place to complete your transactions with us, and to protect your account information in the event of a business disruption. Please review NFS’ Business Continuity Statement which is shown below for more details. Communication with our customers is critical to our business. We have multiple means of accessing Bloomberg as well as multiple sales offices so we can continue to provide superior service, even in the event of a business disruption.
FOR MUNICIPAL ISSUERS
SCS has redundant facilities, with underwriting centers located in Oakland, CA and New York, NY, as well as redundant technological means to access our underwriting system. These safeguards ensure that in the event of a business disruption in either location, we will be able to bring your new issue to market. And, as noted above, we will be able to maintain contact with our institutional buyers during such an event.