Certain transactions, including those involving futures, options, and high-yield securities, give rise to substantial risk and are not suitable for all investors.
Many of the products described on this website involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you.
Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks which are mentioned.
You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax,or accounting advice nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you may want to consult your business advisor,attorney, and tax and accounting advisors concerning any contemplated transactions.
Business Continuity Plan
CUSTOMER DISCLOSURE STATEMENT
Drexel plans to quickly recover and resume business operations after a significant business disruption (SBD) 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 company’s business continuity plan (BCP) is designed to permit us to resume operations as quickly as possible, given the scope and severity of the SBD.
The BCP 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 firm 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, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within the amount of time described in their Business Continuity Plan. Your orders and requests for funds and securities could be delayed during this period.
Significant Business Disruptions: The Company’s plan takes into account two kinds Significant Business Disruptions, internal and external. Internal SBDs affect only the Company’s ability to communicate and do business, such as a fire or loss electrical power in the office or building.
External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a natural disaster, or another event that causes a wide-scale, regional disruption in essential services.
Internal SBDs: In the event of a disruption in the Company’s business operations due an internal SBD, the Company will attempt to continue to conduct business as usual by utilizing alternative communication methods (if available), such as the Internet, cell phones, etc., or by moving its operations to an alternative location.
If personnel or operations must be moved to an alternate location, the Company anticipates that it will resume regular operations within 5 hours.
External SBDs: In the event of a disruption in the Company’s business operations due to an external SBD, the Company will attempt to continue to conduct business as usual by moving its operations to an alternative location outside the affected area, if possible, or by providing customers with alternative communication arrangements, as indicated below, to conduct business or to access their funds and securities.
The Company will attempt to resume business within 24-48 hours and to keep its customers informed regarding relevant events to the best of its ability based on the circumstances.
In all cases, the Company will resume normal business operations as soon as it is able to do so, based on the type and the extent of the disrupting event.
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.
Communications: In the event you are unable to reach the Company at our main number, please proceed as follows:
- Access the Company’s website, www.drexelhamilton.com, for status updates and the best method to reach the Company.
- Contact the Company at one of the following alternate telephone numbers:
- (518) 415-9667 (Edward Sanok)
- (201) 446-8363 (John Martinko)
- Access the clearing firm website for more information on contacting these entity and their business continuity plans. The website address can generally be found on your statement or offering documents.
- Contact FINRA’s District Office at the following telephone number for more information on the company’s status and additional instructions:
- (212) 858-4000
Contact information: Any questions regarding the Company’s Business Continuity Plans should be addressed to:
Edward W. Sanok, CCO
77 Water Street, Suite 201
New York City, NY 10005
Information We Collect: Information we collect from you comes primarily from account applications and or other forms supplied during the account opening process. Also, depending on the products or services you require we may obtain additional information about you from consumer reporting agencies.
How We Share Information: We share information with our affiliates (members of our corporate family) or companies outside our corporate family that perform services on our behalf. We share information to process transactions, respond to your inquiries, or provide information about the products or services that we offer. We share data provided by customers, purchase/account data, and verifying data. We do not share information about you with non-affiliates (companies outside our organization) for them to contact you for their own marketing purposes.
The law permits us to share information about our current and former customers with government agencies or authorized third parties under certain circumstances. For example, we may be required to share such information in response to subpoenas or to comply with certain laws.
How We Protect Information: We strive to protect your data and safeguard it from those not authorized to see it.
Former Customers: We share information about our former customers with members of our corporate family or companies outside our corporate family that perform services on our behalf. We share data provided by customers, purchase/account data, and verifying data. We do not share information about our former customers with companies outside our organization for them to contact you for their own marketing purposes.
SEC Rule 606
(FORMERLY KNOWN AS RULE 11AC 1-6)
In compliance with SEC Regulation NMS Rule 606 (formerly Rule 11Ac1-6) Drexel Hamilton, LLC is currently exempt from the public posting requirement under the de minimus exemption set out in Question 20 of SEC Staff Legal Bulletin No. 13A dated October 16, 2001.
Upon request, Drexel Hamilton, LLC will provide information regarding the specific routing or any orders executed for your account for the previous six (6) months.
Access to the Drexel Hamilton website defined below is provided by Drexel. For purposes of this agreement, “Drexel” shall mean Drexel Hamilton LLC, its affiliates, their officers, directors, managing directors, partners, and employees. The “Drexel Hamilton website” shall mean the website of Drexel Hamilton available to the general public and located at www.drexelhamilton.com and select other domains.
Monitoring by Drexel: Your use of the products and services on this website may be monitored by Drexel and the resultant information may be used by Drexel for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization.
Information Made Available Through this Service: You are permitted to display, analyze, and print the information made available to you via these services only for your own use. You are not permitted to publish, transmit, or otherwise reproduce this information, in whole or in part, in any format to any third party without the express written consent of Drexel. In addition, you are not permitted to alter, obscure, or remove any copyright, trademark or any other notices that are provided to you in connection with the information. Drexel reserves the right, at any time and from time to time, in the interests of its own editorial discretion and business judgment to add, modify, or remove any of the information. These Terms and Conditions of Use are not intended to, and will not, transfer or grant any rights in or to the information other than those which are specifically described herein, and all rights not expressly granted herein are reserved by Drexel or the third party providers from whom Drexel has obtained the information. You are required to read and abide by any additional terms and conditions that may be posted on this service from time to time concerning information obtained from specific third party providers. Such third party providers shall have no liability to you for monetary damages on account of the information provided to you via this service.
No warranties made as to content; no responsibilities to update: Drexel makes no warranty, express or implied, concerning this service. The services provided by us and our third party providers are on an “AS IS” basis at your sole risk. Drexel expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability.
Neither Drexel nor any of its third party providers shall have any responsibility to maintain the data and services made available on this Web site or to supply any corrections, updates, or releases in connection therewith. Availability of data and services are subject to change without notice.
No liability for content; no liability arising from use: Drexel shall have no liability, contingent or
otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between Drexel and you, regardless of whether the connection or communication service is provided by Drexel or a third party service provider. Drexel shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this Web site or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. In no event will Drexel be liable for any special, indirect, incidental, or consequential damages which may be incurred or experienced on account of you using the data or services made available on this Web site, even if Drexel has been advised of the possibility of such damages. Drexel will have no responsibility to inform you of any difficulties experienced by Drexel or third parties with respect to the use of the services or to take any action in connection therewith.
No warranties made as to security: Drexel makes no warranty whatsoever to you, express or implied, regarding the security of the site, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through this service.
System Outages, Slowdowns, and Capacity Limitations/Delays in Order Routing, Executions, and Trade Reports: As a result of high Internet traffic, transmission problems, systems capacity limitations, and other problems, you may, at times, experience difficulty accessing the Web site or communicating with Drexel through the Internet or other electronic and wireless services. Any computer system or other electronic device, whether, it is yours, an Internet service provider’s or Drexel’s can experience unanticipated outages or slowdowns, or have capacity limitations.
Content not to be construed as a solicitation or recommendation: This material has been prepared for informational purposes only without regard to any particular user’s investment objectives, financial situation, or means, and Drexel is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions, including those involving futures, options, and high-yield securities, give rise to substantial risk and are not suitable for all investors. Although this material is based upon information that Drexel considers reliable and endeavors to keep current, Drexel has not verified this information and does not represent that this material is accurate, current, or complete and it should not be relied upon as such.
No determination of suitability has been made; not all risks are disclosed; private advisors should be consulted: The fact that Drexel has made the data and services provided on this Web site available to you constitutes neither a recommendation that you enter into a particular transaction nor a representation that any product described on this Web site is suitable or appropriate for you. Many of the products described on this Web site involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and has independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks which are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you may want to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions.
No representations made as to other sites or links: This service may provide links to certain Internet sites (the “Sites”) sponsored and maintained by third parties. Drexel is providing such links solely as a convenience to you. Accordingly, Drexel makes no representations concerning the content of the Sites. The fact that Drexel has provided a link to the Site does not constitute an endorsement, authorization, sponsorship, or affiliation by Drexel with respect to the Site, its owners, or its providers. Drexel has not tested any information, software, or products found on any of the Sites and therefore does not make any representations with respect thereto, including any representations regarding the content or sponsors of the Site, or the suitability or appropriateness of the products or transactions described therein.
Social Media Guidelines: You are personally responsible for the content you post on any social media channel. Do not post content without permission from its rightful owners. By posting on our online communities, you grant us the right to reproduce your content.
We strive to create a positive online community. We reserve the right to remove content and comments that are:
- Spam advertisements or commercial solicitations
- Abusive, stalking, harassing, threatening or attacking others
- Personal or confidential in nature
- Offensive, unlawful, vulgar or defamatory
- Fraudulent, deceptive or misleading or references to illegal activity
- Malware, viruses or malicious programs that could cause damage to the functionality of a device
- Discriminatory, hateful in language whether directed at an individual or group and based on age, gender, race, mental or physical disability, religion, sexual preference, political orientation, nationality, veteran or marital status
- Pornographic or sexually explicit
- Violations of the rights of any third party and intellectual property rights
Drexel reserves the right to ban any users who violate our social media guidelines. We also reserve the right to delete comments that are deemed inappropriate and do not follow our guidelines.