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Home > Financial Services > Stock Brokers > Pgr Securities, Llc
Pgr Securities, Llc
Pgr Securities, Llc 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.
PGR Securities, LLC conducts business on a sub-clearing basis through Knight Equity Markets, L.P. PGR collects revenues from clients who are interested in a regulatory alternative to payment for expert opinion services. The intent of the document is to identify all systems, procedures, applications, data and information systems, which are core to the continuing operation of the firm in the event of a business disruption due to location and or system unavailability. This document will detail the contingency plans and those responsible for implementation should a business disruption occur. Additionally, this document further details continuation of core business should a critical business constituent or service provider encounter a business disruption.
The firm also maintains documents that are not sent to or transmitted to their clearing firm. This would include items such as the Pgr general ledger; correspondence with regulators, employees, and customers, regulatory filings, certified audits, continuing education plans, anti-money laundering audits, and business reviews. Pgr is currently reviewing the alternatives to maintain duplicate hard copy records. However, these hard copies are also backed up electronically.
The firm will immediately identify what means will permit them to communicate with their customers, employees, critical business constituents, critical banks, critical counter-parties, and regulators. The firm will update the Business Continuity Planning at its annual review of business operation once each year and whenever we have a material change to our operations, structure, business or location or to those of our clearing firm.
The firm’s mission critical systems consist of transactions done on behalf of their clients through Knight Equity Markets. They have primary responsibility for establishing and maintaining their business relationships with their customers and have sole responsibility for their mission critical functions. The clearing firm provides, through contract, the execution, comparison, allocation, clearance and settlement of securities transactions, the maintenance of customer accounts, access to customer accounts, and the delivery of funds and securities.
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