SEC Rule 606 Notice
U.S. Securities and Exchange Commission Rule 606 states that broker-dealers that route customer orders in equity and option securities are required to make publicly available quarterly reports that, among other things identify the venues to which customer orders are routed for execution. The clearing firms for Georgeson Securities Corporation (“GSC”), Bank of America and Cowen & Company, LLC publish quarterly statistical information about their routing practices for non-directed orders in U.S. exchange-listed equity securities and options.
The link to receive these reports prior to Q1 2020 is https://vrs.vista-one-solutions.com/sec606rule.aspx. The links to receive these reports for the period Q1 2020 trough the present are http://public.s3.com/rule606/bofas for Bank of America and http://disclosures.bestxstats.com/cown/606 for Cowen & Company, LLC. GSC will also make these reports available to their customer(s) upon written request.
Georgeson Securities Corporation's Business Continuity Plan Statement
Georgeson Securities Corporation is responsible for creating and maintaining business continuity plans for all business lines. In the event of a business disruption, the firm has plans designed to allow us to continue operations of critical business functions, such as entering client orders, completing securities transactions and providing responses to customer’s inquiries. This is accomplished in part by:
- Ensuring the safety of staff and visitors;
- Relocating impacted businesses to designated recovery locations;
- Using redundant processing capacity at other locations;
- Designing technology and systems to support the recovery processes for critical business functions;
- Using business and technology teams that are responsible for activating and managing the recovery process;
- Activating a communication plan to ensure that Georgeson Securities employees receive emergency notifications and instructions via a variety of sources, including telephone contact, toll-free phone numbers and websites;
- Testing the Disaster Recovery Plan on a regular basis;
- Minimizing risk from loss of services;
- Maintaining customer service at an acceptable level;
- Ensuring a smooth and effective transition from normal to alternative operations.
As part of the plan, Georgeson Securities has identified the applications that are critical to all business units. These applications are to be implemented in separate production and recovery data centers.
If after a significant business disruption you cannot reach your regular GSC Contact, you can call one of our alternate BCP offices at the following numbers: Jersey City, New Jersey (201) 680-6709 or Edison, New Jersey 866-785-6787.
Although significant steps to develop and implement sound business recovery plans are in place, we cannot guarantee that systems will always be available or recoverable after a disaster or significant business disruption. However, we believe that our planning for such events is robust and consistent with many of the best practices established within the industry.