Business Continuity Plan

 

In accordance with regulatory requirements, Oscar Gruss & Son Incorporated has developed a plan in the event of a "Significant Business Disruption" ("SBD"). Under those regulations we are obligated to make available to our clients a summary of such plan. Please understand that the plan contains confidential details and proprietary information and therefore cannot be distributed outside the firm. We will review the plan annually and it may be amended at any time.

 

Our plan anticipates two kinds of 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 prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a city flood, or a wide-scale, regional disruption. Our response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of our clearing firm.

 

Recovery-time objectives provide concrete goals to plan for and test against. They are not, however, hard and fast deadlines that must be met in every emergency situation, and various external factors surrounding a disruption, such as time of day, scope of disruption, and status of critical infrastructure--particularly telecommunications--can affect actual recovery times. Recovery refers to the restoration of clearing and settlement activities after a wide-scale disruption; resumption refers to the capacity to accept and process new transactions and payments after a wide-scale disruption. Our clearing firm has the following SBD recovery time and resumption objectives: recovery time period of 1 to 24 hours. The Firm's recovery time for systems related matters is estimated at 20 to 30 minutes. If it is deemed necessary to move personnel we anticipate a recovery time, which takes into consideration travel, to be an hour and one-half.

 

Annual Customer Notification

Under the Securities and Exchange Act Rule 11Ac1-6 Oscar Gruss & Son Incorporated is required to publish quarterly statistics regarding its customer agency order routing practices. The purpose of the report is to provide the public with information on how broker dealers route their customers' orders, to enable customers (and others) to evaluate order routing practices. The Rule was adopted by the Securities and Exchange

 

Commission to enhance market transparency and foster competition among market participants.

 

 

 

This information is available on the internet at www.sungard.com/valdicompliance and in hard copy for those who do not have access to the internet. The report is published by

the end of the month following the calendar quarter reported. In addition to quarterly reports, information about the routing of individual customer orders is available to

customers, upon written request for the prior six months of trading activity.











 

 

Regulation SP Notice

 

We maintain non-public information about you obtained from applications or other forms received from you, credit reporting agencies and your transactions with us or others.

We do not disclose any non-public personal information about our present or former customers to anyone, except as permitted by law.

 

We restrict access to internal records containing non-public personal information about you to those employees and agents who, in our view, need access to such information in

order for us to provide the services we make available to you. We maintain physical, electronic and procedural safeguards to protect your non-public information.

 

Public Disclosure Notice

 

As a member of the Financial Industry Regulatory Authority (FINRA) Oscar Gruss & Son Incorporated is required to advise you of the fact that FINRA has a public hotline

1-800-289-9999 or you can use their internet website at www.FINRA.org as part of their "Public Disclosure Program".

 

Details of the Program can be found in FINRA's Investor Brochure, which can be obtained from FINRA.

 

Legal

 

This website and the information contained herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject Oscar Gruss & Son Incorporated or its affiliates to any registration or licensing requirement within such jurisdiction.

 

Oscar Gruss & Son Incorporated accepts no liability for any loss arising from the use of any information or material contained in this website.

 

The reports on this website are for informational purposes only, are not offers or solicitations to buy or sell any security or other financial instrument, and are not investment advice because they do not take into account the differing needs of individual clients. Clients seeking investment advice specific to their financial profiles and goals should contact their Oscar Gruss & Son Incorporated sales representative. The reports are based upon information which Oscar Gruss & Son Incorporated believes to be reliable but no representation is made by this Firm as to their completeness or accuracy. The reports are not a complete analysis of every material fact concerning any company, industry or security. Oscar Gruss & Son Incorporated assumes that they will be read in conjunction with other available reports and data. Opinions expressed herein are subject to change without notice. No investor can assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Foreign-currency-denominated securities are subject to fluctuations in currency exchange rates that could have a positive or adverse effect on an investor's return upon the conversion into local currency of dividends or interest received, or proceeds from the sale of such securities. In addition, the value of U.S. dollar-denominated ADRs and the value of U.S. dollar-denominated ordinary shares, or common shares, of foreign issuers can be influenced by fluctuations in currency exchange rates.

 

The contents of this website, including any information or documents that you download from this website, may not be reproduced in whole or in part or otherwise made available without the prior written consent of Oscar Gruss & Son Incorporated.

 

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