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Wescom Financial Services

Wescom Financial Services is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

Wescom Financial Services has developed a Business Continuity Plan on how they will respond to events that significantly disrupt their business. Since the timing and impact of disasters and disruptions is unpredictable, they will have to be flexible in responding to actual events as they occur. With that in mind, they are providing you with the information on their business continuity plan.

Investment products and services are offered through Wescom Financial Services, a Registered Investment Advisor, broker dealer and a wholly owned subsidiary of Wescom Credit Union. Registered Representatives are employed by Wescom Credit Union and registered through WFS.

They plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding their employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing their customers to transact business. In short, their business continuity plan is designed to permit their firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Their business continuity plan 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.

Their clearing firm, Pershing, backs up their important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, they have been advised by their clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within four hours. Your orders and requests for funds and securities could be delayed during this period.

For investors who want to make their own investment decisions, they offer online trading for stocks, options, and mutual funds. The company's goal is to have steady growth through working closely with their customers to help them succeed.

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