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Home > Financial Services > Stock Brokers > Frost Brokerage Services, Inc.
Frost Brokerage Services, Inc.
Frost Brokerage Services, Inc 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.
Frost Investment Services is a division of the Frost Financial Management Group and provides services through Frost Insurance Agency, Inc. and Frost Brokerage Services, Inc. The firm is also a member of the SIPC, and is a subsidiary of Frost Bank. Securities, except annuities, are available through Frost Brokerage Services, Inc. and the Frost Financial Management Group. Annuities are offered through Frost Insurance Agency, Inc. Investment Representatives licensed through Frost Insurance Agency, Inc. are not representing Frost Bank when discussing insurance products.
The firm has 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 this information on their business continuity plan.
The firm 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.
The business continuity plan addresses data backup 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 assuring their customers prompt access to their funds and securities if they are unable to continue their business. Their clearing firm, National Financial Services LLC, backs up their important records in a geographically separate area. Every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption.
The firm has 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.
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