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Home > Financial Services > Stock Brokers > May, Davis Group
May, Davis Group
May, Davis Group 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.
The Company has developed a Business Continuity Plan on how the firm 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 May Davis group is dedicated to building long-term relationships with clients seeking investment banking services, management and strategies. Clients have access to all their top executives, who have demonstrated accomplishment in corporate finance, market and strategy.
They are committed to the needs of private investors, institutional managers and public funds with strategies, execution assistance and access to the Exchange Floors. MDG handles transactions with the maximum level of confidentiality allowed by industry regulations. They take pride in their ability to ensure that sensitive transactions are executed with minimum impact. MDG emphasizes integrity, creativity and a commitment to service.
Their clearing firm, First Southwest Company, backs up their important records in a geographically separate area. While every emergency 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 payment within reasonable time, or next business day.
Significant business disruptions can vary in their scope, such as only their firm, a single building housing their firm, the business district where the firm is located, the city where they are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe.
In a disruption to only their firm of a building housing their firm, they will transfer their operations to a local site when needed and expected to recover and resume business by the next business day. In a disruption affecting their business district, city, or region, they will transfer their operations to a site outside of the affected area.
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