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BCP Disclosure Statement
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BCP Disclosure Statement
Business Continuity Planning Disclosure Statement:
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.
Disclaimer
The Firm’s comprehensive business continuity strategy is designed to enable the Firm to meet its existing obligations to its clients even in the event of an emergency or significant business disruption; however, it is not without limits. The BCP is designed to work in many different emergency situations, but these events are, by their nature, unpredictable and it is impossible to anticipate every scenario that could cause a business disruption.

Although the Firm is confident in its own preparedness, Cicada has no control over the various entities that it must rely upon in the event of an emergency. The Firm’s BCP is tested periodically to ensure readiness. However, such tests may not be able to replicate the actual conditions the Firm experiences in a real emergency.

This BCP disclosure statement is subject to change without notice. In the event that the BCP or the BCP disclosure statement is modified, the updated document will be promptly posted on the Cicada internet website. Alternatively, clients of the Firm may obtain an updated hard copy of the BCP disclosure statement upon request. The information contained in this BCP disclosure statement is provided by Cicada for informational purposes only. Nothing contained herein shall be construed to amend, supplement or otherwise modify any of the terms and conditions set forth in any client agreement between you and Cicada.
Compliance

Eric Spichiger

eric.spichiger@cicada.io

+1 203-984-1109

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