Analyst Certification:
The Research Analyst(s) who prepared research publications hereby certify that the views expressed in these publications accurately reflect the Analyst(s) personal views about the subject companies and their securities. The Research Analyst(s) also certify that the Analyst(s) have not been, are not, and will not be receiving direct or indirect compensation for expressing the specific recommendation(s) or view(s) in research publications.
Dana Telsey, Joseph Feldman, Christopher E. Jones, Chia Kuo, Kristina Westura, Mimi Bartow, Tom Forte and Peter Saleh
Telsey Capital Group Business Continuity Plan Disclosure
Telsey Capital Group, LLC, (“TCG”) a wholly owned subsidiary of Telsey Advisory Group, LLC has developed a Business Continuity Plan (BCP) regarding our mission critical functions and how we will respond to events that may significantly disrupt our business. This disclosure is being provided to give you a summary detail regarding our risk mitigation strategy in the event of significant disruption to our daily business. Our plan is designed to allow us to continue to support all obligations to our clients. Our BCP and this disclosure are intended to comply with our obligations pursuant to regulatory rules and requirements as promulgated by FINRA.
Our plan anticipates two kinds of Significant Business Disruptions (“SBDs”), internal and external. Internal SBDs affect only our firm’s ability to communicate and do business, such as a fire in our building. External SBDs that may prevent the operation of the securities markets or a number of firms including but are not limited to, a terrorist attack, a city flood, or a wide-scale, regional disruption.
Our BCP covers the following areas: mission critical systems, alternative communications with customers, employees and regulators, alternate physical locations, data back up, regulatory reporting and a dissolution plan if we are unable to continue our business.
TCG does not hold customer funds or facilitate securities transactions. All questions regarding maintenance of funds during a SBD should be directed toward your executing broker and/or custodian.
In the event of an internal or external SBD that causes the loss of our paper and hard copy records, we will attempt to physically recover them from our back-up files or records management facility. If our primary site is inoperable, we will continue operations from our back-up site or an alternate location, as described above. For the loss of electronic records, we will attempt to either physically recover the storage media or electronically recover data from our back-up files records management facility, or, if our primary site is inoperable, continue operations from our back-up site or an alternate location.
We have and continue to evaluate various emergency situations and have designed multiple potential solutions to meet each circumstance. With that said, we recognize that our plan may not address unpredictable disasters and certain situations that may affect entities that we rely on for certain services. This BCP is subject to change without notice. In the event that the BCP is modified, the updated disclosure will be posted on our website at www.telseygroup.com.
Other Disclaimers:
All Telsey Advisory Group LLC (TAG) publications and website content, collectively referred to as “Publications”, have been prepared in accordance with TAG compliance and conflict management policies. TAG is unconditionally committed to the integrity, objectivity, and independence of its research. Neither TAG nor its employees own stock in or have any investment banking relationships with the Companies under coverage. While adhering to TAG’s conflict management policies, TAG may, on occasion, provide to covered companies non-securities consulting services, which are unrelated to its coverage for compensation.
These Publications and any opinions expressed herein are current only as of the date published and are subject to change without notice. Although the information contained in TAG Publications has been obtained from sources we believe to be reliable, the accuracy and completeness of such information cannot be guaranteed. TAG shall have no obligation to update or amend any information contained in Publications, and the frequency of subsequent Publications, if any, remain in the discretion of TAG.
TAG Publications have been prepared by TAG and have been approved for distribution. These Publications are being furnished to you for informational purposes only and on the condition that it will not form the sole basis for any investment decision. Any opinion contained herein may not be suitable for all investors or investment decisions. Each investor must make their own determination of the appropriateness of an investment in any Company referred to herein based on the tax, or other considerations applicable to such investor and its own investment strategy. By virtue of these Publications, neither TAG nor any of its employees, nor any data provider or any of its employees shall be responsible for any investment decision.
TAG Publications may not be reproduced, distributed, or published without the prior consent of Telsey Advisory Group.
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