Western Reserve is required (under NASD Rule 3510(e)) to disclose to our customers and potential customers how our Business Continuity Plan (“BCP) addresses the possibility of a future significant business disruption, and how we plan to respond to events of varying scope.
Our BCP undergoes regular review and assessment and is therefore subject to modification. The most current BCP may be obtained by requesting a copy, in writing, from Western Reserve.
The following scenarios have been contemplated and for each we are disclosing how we will deal with the particular business disruption, in order to remain available to you and to allow your investments to be made without undue difficulty or time constraints to you.
Firm-Only Business Disruption
How business will continue in an on-going manner:
We will work out of our homes using laptop or home computers and will communicate with each other and customers via personal email, home phones and cellular phones.
Planned/estimated recovery time:
We would be substantially recovered in one to three weeks, depending on the severity of the situation.
Business Building Disruption
How business will continue in an on-going manner:
We will work out of our homes using laptop or home computers and will communicate with each other and customers via personal email, home phones and cellular phones.
Planned/estimated recovery time:
We would be substantially recovered in one to three weeks, depending on the building regaining normalcy.
Business-District Disruption
How business will continue in an on-going manner:
We will work out of our homes using laptop or home computers and will communicate with each other and customers via personal email, home phones and cellular phones.
Planned/estimated recovery time:
We would be substantially recovered in one to three weeks.
City-Wide Business Disruption
How business will continue in an on-going manner:
Most of our employees live outside of the city of Cleveland. We will work out of our homes using laptop or home computers and will communicate with each other and customers via personal email, home phones and cellular phones.
Planned/estimated recovery time:
We would be substantially recovered in one to three weeks.
Regional Disruption
How business will continue in an on-going manner:
Several of our employees live approximately 10-15 miles from Cleveland. We would plan to work out of their homes using laptop computers and would communicate with each other and customers via personal email, home phones and cellular phones.
Planned/estimated recovery time:
We would be substantially recovered in one to three weeks.
