Business Continuity Plan Disclosure
Overview
Madison Avenue Securities, Inc. ( Madison) has developed a Business Continuity
Plan ("BCP") as a contingency to mitigate any impact of possible future
business interruptions.Please read through this document carefully and become
familiar with the alternatives we have in place to conduct business in the event
of a Significant Business Disruption ("SBD").
Madison plans to quickly recover and resume business operations should there be an SBD and respond by safeguarding employees' lives and firm property, making a financial and operational assessment, protecting the firm's books and records, and allowing our clients to transact business.
Contacting Us
Our Headquarters is located at:
Madison Avenue Securities, Inc.
15050 Avenue of Science, Suite 150
San Diego, CA 92128
Our main number is (888) 627-7323.
If after a significant business disruption you cannot contact us as you usually do, go to our website at www.mas-bd.com. A notice will be posted to our website with further instructions. If you cannot reach us in either of these ways, you should contact our clearing firm, Pershing, LLC for the following transactions "ONLY"
- Emergency Orders to liquidate (close) existing positions.
- Emergency Instructions to issue a check or wire available funds.
- Requests to ACAT (transfer) the holdings of your account to another broker-dealer.
Business Continuity Plan
Our Business Continuity Plan addresses data back up and recovery, all mission critical
systems, financial and operational assessments; alternative communication with
our clients, employees, regulators; alternative physical locations of employees,
critical suppliers, contractors, banks and counterparty impact; regulatory reporting
and assuring clients of prompt access to their funds and securities if we are
unable to continue business due to an SBD.
Our clearing firm, Pershing, LLC backs up its important records in a geographically separate area.
Disclaimer
Our firm's BCP is designed to meet our existing obligations to clients in the event
of an emergency or significant business disruption; however, it is not infallible.
The unpredictable nature of some events may make it impossible to anticipate
every scenario that could cause a business disruption. Although we are confident
in our own preparedness, Madison Avenue Securities has no control over the third
party entities that we must rely upon in the event of an emergency. We test our
Business Continuity Plan from time to time to ensure our readiness; yet these
tests may not replicate conditions we would experience in a real emergency. Our
BCP is subject to change without notice and we will maintain the most current
Plan on our website at www.mas-bd.com. This
is provided to you for informational purposes only.
