| Office Location |
Key
Contact |
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830 Third Avenue-8th Floor
(51st and 50th Cross Streets)
New York, NY 10022
Tel: (212) 829-5800
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Joseph J. Pallotta
Chief Operating Officer
Commonwealth Associates, LP
830 Third Avenue-8th Floor
(50th and 51st Cross Streets)
New York, NY 10022
Tel: (212) 829-5800
Generalinfo@comw.com
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Summary Disclosure Statement:
Commonwealth Associates LP’s Business Continuity Planning
Commonwealth Associates has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions are unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us
If after a significant business disruption you cannot contact us as you usually
do at (212) 829-5825, you should email us at robert@comw.com or at
Josephp@comw.com
for instructions on how you may conduct transactions. Or call our cell phone /
home phone: Joe Pallotta (917) 539-3888 or Robert A. O'Sullivan
(917) 825-7471.
Our Business Continuity Plan
We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business. 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 back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank 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.
Varying Disruptions
Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city 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. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within approximately 5-7 business days. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within approximately 10-15 business days In either situation, we plan to continue in business and notify you through our cell phones and Blackberry communication devices to advise you how to contact us.
For more information
If you have questions about our business continuity planning, you can contact us
at (212) 829-5825 or email Robert A. O'Sullivan or Joe Pallotta: robert@comw.com
and JosephP@comw.com.
