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Shoreline Pacific's Business Continuity and Contingency Planning |
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Securities industry regulations require that brokerage firms inform their clients of their plans to address the possibility of a business disruption that potentially results from power outages, natural disasters, or other events. Shoreline Pacific LLC. has a comprehensive business continuity program in place, which we review, update and test on a regular basis. The plan provides for continuation of client service within minutes in most cases.
Here are a few examples of what might occur if we were to experience a business disruption of varying magnitude:
- If our telephone service were to become unavailable for any reason, we would re-route calls through cellular connections until the main lines were restored.
- In the event that our primary data storage system became unavailable for any reason, we would transition to a separate back-up location we maintain at ibackup.com which is on a separate power grid and physical location.
- If we had a power outage at the firm's sole office, we would re-route telephone and electronic communications to an alternate location for the duration of the outage.
While no contingency plan can eliminate all risk of service interruption or temporarily impeded account access, we continually assess and update our plans to mitigate all reasonable risk.
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