Cicada Securities, LLC (“Cicada” or the “Firm”) is committed to safeguarding the interests of the Firm’s subscribers in the event of an emergency or significant business disruption. This Business Continuity Plan (the “BCP”) Disclosure summarizes the Firm’s efforts to mitigate risks inherent with unforeseen business interruptions. The Firm’s comprehensive business continuity strategy is designed to enable the Firm to meet its existing obligations to its subscribers even in the event of an emergency or significant business disruption (“SBD”). This BCP is intended to comply with the rules promulgated by the Financial Industry Regulatory Authority (“FINRA”).
The Firm’s policy is to respond to significant business disruptions by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the Firm’s books and records, and ensuring that the Firm’s clients can continue to transact business. Examples of potential scenarios that might cause some changes to the Firm’s regular business operations:
- In the event an SBD of any type that affects the Firm’s principal office, the Firm will transfer its business operations to one or more remote sites in the United States.
- The Firm does not anticipate that power outages at its principal office will require the Firm to shut down the Firm’s business.
No contingency plan can eliminate all risk of service interruption or temporarily impaired access to the Firm. The Firm will evaluate and revise the Firm’s BCP to address risks to the extent possible. In developing the Firm’s BCP, the Firm has made certain assumptions regarding accessibility and availability of alternative facilities, the ability of a sufficient number of the Firm’s personnel to man the Firm’s systems, and external organizations, including securities markets and government agencies, being operational. If these assumptions are not valid under particular circumstances, the Firm will evaluate alternatives for minimizing the disruption to services as feasible at that time.
The Firm will update its BCP as needed in the event of changes to its business processes, technology and staff. The Firm will continue to post updated information on its website. Users may also obtain the Firm’s current BCP summary by submitting a written request to: Cicada Securities, LLC, ATTN: Business Continuity Plan, 289 Greenwich Avenue FL2, Greenwich, CT 06830.