Business Continuity Plan Disclosure
National Securities Corporation 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 are 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 your representative as you usually do, you should call either of two alternative telephone numbers: 206-622-7200, 212-417-8000, or go to our web site at www.nationalsecurities.com. If you cannot access us through either of those means, you should contact the clearing firm that maintains your account, National Financial Services at 1-800-801- 9942 or Legent Cleanng, LLC at 1-800-811-3487 for instructions on how they may assist you by providing prompt access to funds and securities, entering orders and processing other trade-related, cash, and security transactions.
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 at all times possible.
Our clearing firms, National Financial Services and Legent Clearing, LLC, back 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, we have been advised by our clearing firms that their objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments as efficiently as possible. Your orders and requests for funds and securities could however be delayed during this interim period.
Although Significant business disruptions can vary in their scope, such as a single building, a business district, a city or an entire region, NSC maintains principal offices on both the east and west coasts which should minimize the severity of any potential disruption of business and our service to you, our client. In the case of a disruption, our firm should be able to continue to operate out of at least one of the principal offices located in Seattle and New York City. If a significant event occurs, we plan to continue in business, transferring operations to our clearing firm if necessary, and notify you through our web site www.nationalsecurities.com or our customer emergency numbers 206-622-7200 or 212-417-8000. If the significant business disruption IS so severe that it prevents us from remaining in business, we will make every attempt to provide you prompt access to your account through National Financial or Legent Clearing, LLC.
For more information
If you have questions about our business continuity planning, you may contact us at 206-622-7200. Our Business Continuity Plan is subject to modification. Updated disclosure statements, as applicable, will be posted to the Firm’s website and are available via mail upon written request.
Extended Hours Trading Risk Disclosure
You should consider the following points before engaging in extended hours trading. “Extended hours trading” means trading outside of “regular trading hours.” “Regular trading hours” generally means the time between 9:30a.m. and 4:00p.m. Eastern Standard Time.
Risk of Lower Liquidity: Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is Important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular trading hours. As a result, your order may only be partially executed, or not at all.
Risk of Higher Volatility: Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular trading hours. As a result, your order may only be partially executed, or not at all, or you may receive an Inferior price when engaging in ex tended hours trading than you would during regular trading hours.
Risk of Changing Prices: The prices of securities traded in ex tended hours trading may not reflect the prices either at the end of regular trading hours, or upon the opening the next morning. As a result, you may receive an inferior price when engaging in extended hours trading than you would during regular trading hours.
Risk of Unlinked Markets: Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
Risk of News Announcements: Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
Risk of Wider Spreads: The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
Risk of Lack of Calculation or Dissemination of Underlying Index Value or Intraday Indicative Value (“IIV”): For certain Derivative Securities Products, an updated underlying index value or IIV may not be calculated or publicly disseminated in extended trading hours. Since the underlying index value and IIV are not calculated or widely disseminated during the pre-market and post market sessions, an investor who is unable to calculate implied values for certain Derivative Securities Products in those sessions may be at a disadvantage to market professionals.
Residents of New York Purchasing Insurance Products
If you are a resident of New York and purchase an Insurance product through a person associated with our firm, that person is an insurance producer licensed by the State of New York. Insurance producers are authorized by their license to confer with insurance purchasers about the benefits, terms and conditions of insurance contracts; to offer advice concerning the substantive benefits of particular insurance contracts; to sell insurance; and to obtain insurance for purchasers. The role of the producer in any particular transaction typically involves one or more of these activities.
Compensation will be paid to the producer, based on the insurance contract the producer sells. Depending on the insurer(s) and insurance contract(s) the purchaser selects, compensation will be paid by the insurer(s) selling the insurance contract or by another third party. Such compensation may vary depending on a number of factors, including the insurance contract(s) and the insurer(s) the purchaser selects. In some cases, other factors such as the volume of business a producer provides to an insurer or the profitability of insurance contracts a producer provides to an insurer also may affect compensation.
The insurance purchaser may obtain information about compensation expected to be received by the producer based in whole or in part on the sale of insurance to the purchaser, and (if applicable) compensation expected to be received based in whole or in part on any alternative quotes presented to the purchaser by the producer, by requesting such information from the producer.
Newbridge Financial, Inc. is the parent company of Newbridge Securities Corporation, a full service broker/dealer and investment banker. Newbridge Financial is also the parent of a core group of companies that offer a broad spectrum of financial services and products to individuals and corporate clients.
Our Integrated Financial Services Include:
Newbridge Securities Corporation
Newbridge Securities Corporation, our full service securities broker/dealer is a member of the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC) and provides investment banking services.
Newbridge Independent Services
Newbridge Independent Services, a division of Newbridge Securities Corporation, provides a national platform of broker/dealer services for the financial advisor seeking their own independent office.
Newbridge Financial Services Group, Inc.
Newbridge Financial Services Group, Inc. provides a broad spectrum of financial services including insurance, retirement, estate and tax-advantaged strategies for our individual and corporate clients.
Registered representatives associated with any NSC affiliated entity may also have outside business interests or do business under the Black River Wealth Management Ltd. of an entity that is not affiliated with NSC. Any products offered by, or activities of a representative through, an outside business interest or an entity not listed above may not be supervised by any NCS affiliate.
NSC is a member of the Securities Investor Protection Corporation (SIPC). Customers may obtain the brochure and information about SIPC by contacting them by telephone at 202-371-8300, or visit them online at www.sipc.org.
Investor Education & Protection
To further its objective of investor protection, the Financial Industry Regulatory Authority (FINRA) offers access to BrokerCheck; a Public Disclosure Program.
Through BrokerCheck, investors can:
- Search for both brokers and brokerage firms
- Obtain online delivery of a background report
- View explanatory information to help them better under stand the content, context and source of the information provided
- See links to additional resources and tools
This free tool helps investors research the professional back grounds of current and former FINRA registered brokerage firms and brokers. You may access FINRA BrokerCheck online at,
or call for a brochure or more detailed information to the FINRA BrokerCheck Hotline at 800-289-9999.
It is important that you review your account statements and confirmation upon receipt. Additionally, we recommend that you monitor the activity in your account online. Please contact your representative to request log on credentials. You may contact Black River directly at 800-446-4441 for account information, to report a discrepancy/complaint or if you are unable to reach your representative. If you prefer to write to us, please send your inquiry to:
Black River Wealth Management
Attn: Branch Manager
15 Cattano Avenue
Morristown, NJ 07960