Seaboard Securities, Inc. Business Continuity Plan

Seaboard Securities, Inc. has developed a Business Continuity Plan to document how we will respond to events that significantly disrupt our business.  Since the timing and impact of disasters and disruptions is unpredictable, the plan stresses flexibility in responding to various scenarios.  

Contacting Us – If after a significant event, there is no response at Seaboard’s main phone number of 973.514.1500, attempts should be made to contact our alternative number 888.650.1500 which would be forwarded to another office in a different geographical location if the main location was no longer operational. If there is no response to that toll free number, please attempt to contact our other offices directly:

NYC 212.402.4200

Long Island 516.833.9030

West Palm area 561.622.0073 or 561.354.2000

Other methods of reaching us are to send an email to info@seaboard.biz  or to visit our website www.seaboardsec.com

If you cannot access us through any of those means, you should contact our clearing firm, Man Financial, at 212.589.6200 or at its website, www.manfinancial.com for instructions on how to access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions. 

Our Business Continuity Plan – Our continuity plan is designed to permit our firm to resume operations as quickly as possible after a significant event while safeguarding our employees and property, protecting the firm’s books and records, and allowing our customers to transact business.  In short, continuing our business of serving our customers, while recovering from a significant business disruption.   

Our Business Continuity Plan addresses:

• data back up and recovery;

• hardening and designing redundancy into all mission critical systems;

• providing alternative communications methods with customers, employees, and regulators;

• movement of personnel and systems to alternate physical locations while minimizing supplier, contractor, bank and counter-party impacts;

• providing alternative regulatory reporting;

• assuring our customers prompt access to their funds and securities if we are unable to continue our business.  

Our clearing firm, Man Financial, backs up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments without disruption.  While this restoration by our clearing firm is occurring your orders and requests for funds and securities could be slightly delayed.   

Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing one of our offices, the business district where one of our offices is located, the city where we are located, or the whole region.  Within each of these events, the severity of the disruption can also vary from minimal to severe. 

In a disruption to only our firm or a building housing one of our offices, we will transfer our operations to a different local office when needed and expect to recover and resume business within 4 to 8 hours. 

In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 24 hours. 

In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site www.seaboardsec.com or our customer emergency number, (888) 650-1500 how to contact us.  If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.  

For more information – If you have questions about our business continuity planning, you can contact us at (973) 514-1500 send an email to info@seaboard.biz .