Business Continuity Planning
Liquidly’s policy is to respond to a Significant Business Disruption (“SBD”) by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of Liquidly’s books and records, and allowing its customers to transact business. The plan anticipates three kinds of SBDs: Internal, Technical and External.
- Internal SBDs, such as a fire in the building, affect only Liquidly’s ability to communicate and do business from its office location.
- Technical SBD, such as a system crash, may affect the ability of customers to utilize Liquidly’s platform.
- External SBDs, such as a terrorist attack, a city flood, or a wide-scale, regional disruption, prevent the operation of the securities markets or impact a number of firms. Liquidly’s response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of the area’s utility companies and municipal authorities.
At a minimum, Liquidly’s business continuity plan is reviewed and updated on an annual basis. Additionally, our primary internal and external application providers periodically conduct testing of their own back-up capabilities to ensure that, in the event of an emergency or significant business disruption, they will be able to provide us with the critical information and applications we need to continue or promptly resume our business. You should refer to our website at www.liquidly.com for any updates/messages after a significant business disruption.
Important Information about New Account Opening Procedures / Customer Identification Program (CIP)
The USA PATRIOT Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism) was enacted to strengthen the United States government’s ability to combat terrorist financing and money laundering. An essential component of the USA PATRIOT Act requires financial institutions to obtain, verify and record information that identifies each person or entity with an account relationship at a financial institution. Therefore, you may be asked to provide identifying information such as the following: legal name, date of birth, address and identification number (TIN or SSN). A legal entity may need to provide other information such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, and a partnership agreement or a trust agreement. We may also ask for a copy of your driver’s license or seek additional documentation.
Liquidly is a member of the Securities Investor Protection Corporation (“SIPC”). FINRA Rule 2266 and NYSE Rule 409A require Liquidly to disclose SIPC Contact Information. SIPC plays an important role in the overall system of investor protection in the United States by, in certain specified situations, restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms. When a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing, SIPC steps in as quickly as possible and, within certain limits, works to return customers’ cash, stock, and other securities. You may obtain more information about SIPC, including a brochure entitled How SIPC Protects You, by contacting SIPC at the below address or visiting SIPC’s website at www.sipc.org.
Securities Investor Protection Corporation
1667 K Street, N.W. Suite 1000
Washington, D.C. 20006
phone: (202) 371-8300
FINRA Regulation Public Disclosure Program
Liquidly is required by FINRA Rules to provide you with information about the availability of information through FINRA’s Public Disclosure Program. The investor brochure (which includes information about BrokerCheck) may be obtained via the FINRA Web Site or through the FINRA Public Disclosure Program Hotline Number at (800) 289-9999.