WallachBeth Capital, LLC (“WallachBeth”) has developed a Business Continuity Plan (“BCP”) describing how the Firm will respond to events that significantly disrupt its business. WallachBeth is an introducing broker-dealer and does not maintain custody of customer funds or securities.
The timing and impact of a business disruption are unpredictable. Accordingly, WallachBeth’s response will depend on the nature, scope, and severity of the disruption. Our BCP is designed to enable the Firm to continue or resume operations as promptly as practicable and to meet its obligations to customers.
In the event of a significant business disruption
WallachBeth will take appropriate steps to safeguard employees and property; assess its financial and operational condition; protect books and records; communicate with customers, employees, clearing firms, critical vendors, and regulators; and facilitate customer transactions, as applicable.
Our BCP addresses data backup and recovery, mission-critical systems, financial and operational assessments, alternative communications, alternate work locations, critical suppliers and counterparties, and regulatory reporting.
The clearing firm that carries your account maintains its own business-continuity arrangements for the accounts, records, funds, and securities it holds. The timing of any recovery and the availability of services may vary depending on the nature and severity of the disruption.
Varying disruptions
A significant business disruption may affect only WallachBeth, a building in which we operate, our business district, a city, a region, or a broader geographic area. If the disruption is limited to WallachBeth or one of our locations, we expect to transition personnel and operations to an alternative work location, as appropriate. If the disruption affects a broader area, we will use available remote and alternate-location capabilities to continue or resume operations as conditions permit.
WallachBeth will provide updates, when appropriate, through its website at www.wallachbeth.com.
Contacting us and your clearing firm
If you are unable to contact WallachBeth through its usual business telephone number, 646-237-8585, please refer to this website for updates.
If you need prompt access to funds or securities, to enter orders, or to process trade-related, cash, or securities-transfer transactions during a significant disruption, contact the clearing firm that carries your account:
| Clearing firm | Telephone |
| Bank of America Securities | (646) 743-0110 |
| Axos Clearing | (402) 384-6100 |
| Interactive Brokers | (203) 618-7791 |
| Clear Street | (646) 813-2535 |
| Goldman Sachs | (212) 357-8671 |
Not every clearing firm carries every WallachBeth customer account. Please refer to your account documentation or contact WallachBeth to identify the clearing firm applicable to your account.
For information concerning WallachBeth’s Privacy Policy, BCP, or AML Program, contact info@wallachbeth.com.