(FINRA CRD No. 146895; BD SEC No. 8-67860; MSRB No. A7040)
Oleet Securities, LLC (the "Company") plans to quickly recover and resume business operations after a significant business disruption (a "Significant Business Disruption" or "SBD"), and to respond by safeguarding its employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing its customers to transact business. In short, the Company's business continuity plan ("BCP") is designed to permit it to resume operations as quickly as possible, given the scope and severity of the SBD.
The Company's BCP addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and facilitating prompt access to customer funds and securities if the Company is unable to continue its business.
Placement issuers maintain all records related to investments and account holdings and back up important records in accordance with their own business continuity plans. For more information on an issuer's contingency plan, please contact the sponsor or issuer directly at the telephone number provided on offering documents or through their website.
The Company's plan takes into account two kinds of Significant Business Disruptions: internal and external.
In the event of a disruption in the Company's business operations due to an Internal SBD, the Company will attempt to continue to conduct business as usual by utilizing alternative communication methods (if available), such as the Internet, cell phones, etc., or by moving its operations to an alternative location.
If personnel or operations must be moved to an alternate location, the Company anticipates that it will resume regular operations within one to two hours.
In the event of a disruption in the Company's business operations due to an External SBD, the Company will attempt to continue to conduct business as usual by moving its operations to an alternative location outside the affected area, if possible, or by providing customers with alternative communication arrangements, as indicated below, to conduct business or to access information on transactions in process.
The Company will attempt to resume business within twenty-four (24) to forty-eight (48) hours and to keep its customers informed regarding relevant events to the best of its ability based on the circumstances.
In all cases, the Company will resume normal business operations as soon as it is able to do so based on the type and the extent of the disrupting event.
If the significant business disruption is so severe that it prevents the Company from remaining in business, it will assure that its customers have adequate information regarding any transactions in process and the steps needed to close such activities.
In the event you are unable to reach the Company at its main number, please proceed as follows:
Any questions regarding the Company's Business Continuity Plans should be addressed to: Regulatory Compliance, Oleet Securities, LLC, 186 College Street, 4th Floor, Burlington, VT 05401, 802-540-3100, compliance@oleet.com.