Fundraising

Turnarounds
Business Continuity Plan

 
 
Contact Mel:
(412)683-3400
MelEagle@boustead1828.com

 


 
Melvin Pirchesky and Boustead Securities, LLC
Business Continuity Plan Disclosure Policy

Melvin Pirchesky is a Financial Industry Regulatory Authority ('FINRA') registered representative providing private equity investment banking services to his clients. Boustead Securities, LLC ('Monarch'), a FINRA registered broker-dealer, oversees Melís securities-related activities. Accordingly, Mel is furnishing this document to all clients to provide information about his efforts to ensure that his securities activities will not be significantly impacted as a result of an emergency or significant business disruption.

Securities Industry regulations require each member firm and its registered representatives to create and maintain a Business Continuity Plan (BCP) reasonably designed to meet their obligations to their clients. In accordance with these requirements, Monarch and Mel have designed a Business Continuity Plan to address varying possible situations in effort to minimize any service impact to Melís clients.

In keeping with the regulatory requirements, this BCP is designed to address key areas of concern Ė including but not limited to the following:

  • Data back-up and recovery;
  • All mission critical systems;
  • Financial and operational assessments;
  • Alternate means of communication between Mel and his clients;
  • Alternate means of communication between Mel and his staff;
  • Alternate physical location of staff;
  • Critical business constituents and bank impact;
  • Regulatory reporting;
  • Communications with regulators; and
  • How Mel will ensure that clients have access to their proprietary information they may need in the event that Mel determines he is unable to continue his business.

Since events creating business disruptions may vary in nature and scope, Mel has anticipated situations in which the following are affected:

  • A disruption to Melís office location
  • A disruption to the single building in which Melís main office is located
  • A disruption to the business district or city where Melís systems are located
  • A disruption to the region where Melís systems are located

Regardless of the scope of potential disruption, Mel intends and expects to continue to provide service to his clients.

A Disruption to Melís Firm, Office, and/or Single Building

In the event that there is a significant business disruption to Melís firm, office, and/or the building in which Mel is located, he has duplicative systems that will be operated from a separate back-up (ďalternateĒ) site. This disruption may be caused by physical damage, technology problems, or an inability to have personnel arrive at his office. As such, Mel will transfer his securities operations to a designated alternate site located in the same city or in an adjoining city that is sufficiently separated from Melís current operations. The alternate site will be used to restore internal operations as well as electronic access and communications as soon as Mel is relocated to the designated site. In this process, clients may experience a minor delay in reaching Mel due to increased telephone calls, email or internet disruption and other technology delays, or other minor difficulties arising from the transfer of operations. Mel expects that any delay will be less than 12 hours. Nevertheless, the unlikely failure of the telephone, email or other ancillary communication systems could result in a delay of up to 24 hours.

A Business-District, Citywide, or Regional Disruption

In the event there is a significant business disruption that affects the business district or city where any of his primary systems are located, he will transfer operations to a designated back-up (ďalternateĒ) site located in a separate and distinct business district or city from Melís main operations. The alternate site will be used to restore internal operations as soon as key staff are relocated to that site.

In the event of a significant business disruption to the region where Melís primary systems are located, he intends to take advantage of any available other facilities that may be located in other geographical region to use in a limited capacity to resume operations temporarily. As a secondary back-up, Mel may enter into a ďBCP Joint PactĒ with another broker-dealer or similar firm that currently operates in an adjoining region that will effectively leverage the use of that firmís technology and infrastructure to continue operations. Under a BCP Joint Pact, the selected firm will be determined as sufficiently capable to operate as a designated back-up facility. In this process, clients may experience minor delays in reaching Mel due to increased telephone calls, technology delays, or other minor difficulties arising from the transfer of operations. Mel expects that any delay will be less than 24 hours.

Nevertheless, there can be no assurance that service will continue without interruption in certain circumstances, such as a regional blackout, a natural disaster, or a terrorist attack. However, in the unlikely event that Mel has determined that he cannot resume operations within a reasonable amount of time; he will provide as much advance notice as possible regarding his ongoing operations.

Please be advised that this Business Continuity Plan is reviewed and updated on an annual basis and subject to change and modification. Therefore, any changes and updated information will be promptly sent to clients. Alternatively, clients may obtain a copy of Melís Business Continuity Plan by emailing Mel and requesting a copy.

Additionally, Melís and Bousteadís primary internal and external application and service 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 Mel, his colleagues, and his co-investors with the critical information and applications needed to continue or promptly resume business.

Making sure that any type of disruption does not unduly impact our clients is extremely important to us, and our Business Continuity Plan is designed to allow us to continue to provide quality service to all of our clients.

Contacting Us Ė If after a significant business disruption, you cannot contact Mel as you usually do at 412-683-3400, you should call Robin Artz, the professional who works with Mel, at 412-242-6222. If you cannot reach Mel or Robin, you should contact Boustead Securities directly at 949-295-1580, identify yourself as a client of Melís, and ask for instructions on how we may provide prompt client service.

Additional Contact Information
Boustead Securities, LLC
898 N. Sepulveda, Suite 475
El Segundo, CA 90245
949-295-1580
www.boustead1828.com

For more information Ė Should you have any questions concerning our Business Continuity Plan, please send an email with a request for additional information to Mel Pirchesky at MelEagle@boustead1828.com or at 400 S. Highland Avenue, Pittsburgh, PA 15206; or you may contact Mel directly at 412-683-3400.

 


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