Under new rules required by the USA PATRIOT Act,
our anti-money laundering program must designate a special compliance
officer, set up employee training, conduct independent audits, and
establish policies and procedures to detect and report suspicious
transactions and ensure compliance wi the new laws.
As part of our required program, we may ask you
to provide various identification documents or other information.
Until you provide the information or documents we need, we may not
be able to open an account or effect any transactions for you.
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Business Continuity Planning
Clarendon Securities has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us – If after a significant business disruption you cannot contact us as you usually do at 703-528-7994 or 800-368-7681 you should try an alternate number 800-431-0030 or our website at www.clarendonsecurities.com. If you cannot access us through either of those means, you should contact our clearing firm, National Financial Services LLC (NFS) on their Customer Service Line at 617-563-5977. NFS can give you instructions about how to enter orders and have access to your funds and securities.
Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.
Our 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; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.
Our clearing firm, NFS, backs up our 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, our clearing firm has advised us that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments with minimal interruption. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we 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 our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within one hour. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area; we will transfer operations to NFS. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site www.ClarendonSecurities.com. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.
For more information – If you have questions about our business continuity planning, you can contact us at 800-368-7681 or firstname.lastname@example.org.
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At Clarendon Securities, protecting the privacy and confidentiality
of your personal information is important to our employees and us.
We value your business and the trust you put in Clarendon Securities.
We would like to assure you that, as explained more fully below,
we will not make your personal information available for marketing
purposes to anyone outside our organization.
In order to offer you the financial products and services you seek
to obtain, we collect, maintain and use information about you on
a routine basis. To help you better understand how your personal
information is protected, we are providing you with the following
statement describing our practices and policies with respect to
the privacy of customers information. At Clarendon Securities:
We do not disclose any nonpublic personal information about you
to anyone except as permitted by law. We may, for example, disclose
nonpublic personal information about you to others for purposes
of servicing your account with us, processing transactions that
you request or authorize, or running credit or other verification
We may collect information volunteered by you during the application
process, gathered from your transactions and experiences with us
and obtained from other authorized sources, such as credit bureaus.
All information gathered and stored by Clarendon Securities is used
for specific business purposes, such as administering your account
complying with state/federal regulations, protecting against fraud
and developing a better understanding of your financial need to
provide you with improved products and services.
We restrict the access to your personal and account information
to employees who need to know that information to provide products
or services to you. We maintain physical, electronic and procedural
safeguards that comply with federal standards to guard your nonpublic
When you interact with a Clarendon Securities web site, we strive
to make that experience easy, meaningful, and secure. We accomplish
this in the following ways.
Cookies and Personal Identification.
Standing alone, cookies, GIFs and other Web tools, as well as data
derived from them, do not identify you personally. They merely recognize
your browser. Unless you choose to identify yourself to FundCash
through the Apply Online process, you remain anonymous to us. Cookies
come in two flavors: persistent and session-based.
Persistent Cookies. Only persistent
cookies remain on your computer after you've closed your browser
or turned off your computer. They include such information as a
unique identifier for your browser that only FundCash can read and
use, and the fact that you are a customer or prior Web site visitor
(whatever the case may be). We are especially careful about the
security and confidentiality of the information we send through
Session-based Cookies. Session cookies
exist only during an online session with FundCash. They disappear
from your computer when you close your browser software or turn
off your computer. Session cookies allow you to conduct transactions
or request your own personal or account information on our Web site.
They contain encrypted or encoded information about your account(s),
and/or identifying information that you have previously provided
to us. This information allows Clarendon Securities to process your
online transactions and requests. Examples include a request to
see your account balance or to place a trade order on your behalf.
Without the session cookie information, we would not be able to
complete your Web transactions securely. Session cookies help us
make sure you are who you say you are after you've logged in.
Secure Server through Verisign. Web
security and keeping customer information secure is important to
FundCash. All customer account transactions are done through the
Presidential Bank secure web server (https://secure.presidential.com).
On the bottom of each page of the FundCash web site, we have placed
the Versign secure site logo that links to Verisign telling a visitor
that our site is on a secure server.
Secure browsers. In order to better
protect your personal information, Presidential Bank has adopted
the policy of our customers using browsers capable of 128-bit encryption.
This insures that the process of sending us your personal information
over the World Wide Web is safe. The information is encrypted by
your web browser using a "key" that will enable it to
be legally decrypted only by us. Using a 128-bit cipher makes it
exponentially more difficult than the previously accepted standard
of 40-bit encryption.
In order to check the level of encryption your current browser
is using, on the browser window choose the "Help" menu.
From the Help menu choose "About Internet Explorer". In the
"About" page it should say "Cipher Strength: 128-bit"
for Microsoft's Internet Explorer. If you are
using any browser with a lower strength cipher than 128-bit encryption,
you will NOT be able to view the online application for FundCash.
You need to upgrade your browser version.
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