Business Continuity Plan Disclosure Statement
Contacting Us: If, after a significant business disruption, you cannot contact us as you usually do by contacting your Registered Representative and/or Investment Advisor Representative, or the home office at (800) 711-4078, please visit our website at www.kovacksecurities.com.
Our Business Continuity Plan: The firm's plan is designed to permit Kovack Financial to resume operations as quickly as possible, given the scope of the disruption. Our plan addresses: data backup 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.
Our clearing firms, Fidelity and Pershing LLC, back up important records in a geographically separate area. There are inherent variables in any emergency situation, yet we have been advised by our clearing firms that their objective is to restore their operations, complete existing transactions, and accept new transactions and payments as quickly as possible. Orders and requests for funds and securities could be delayed during this period.
Varying Disruptions: Significant business disruptions can vary in their scope, such as affecting only our firm, a single building housing our firm, the city where we are located, or the whole region. The disruption can vary from minimal to severe. In a disruption to our office or building, operations may be transferred to a local site; resumption of operations should occur quickly. In a disruption affecting our city or region, operations will be transferred to a site outside the affected area; resumption of operations should occur within twenty-four hours. In either situation, we plan to take the necessary steps to continue business operations; we will notify you through our website at www.kovacksecurities.com on how to contact us. If the business disruption is so severe that we cannot remain in business, we assure your prompt access to your funds and securities.
For More Information: If you have questions about our business continuity planning, you can contact us at (800) 711-4078 or firstname.lastname@example.org
Copyright ©2019 Kovack Securities, Inc.,
Member FINRA / SIPC
6451 North Federal Highway, Suite 1201
Fort Lauderdale, Florida 33308
Ph: (954) 782-4771 Fax: (954) 943-7331
Check the background on this investment firm at FINRA's BrokerCheck