Ruan Securities' Executive Summary of Business Continuation Plan

Ruan Securities Corporation (RSC) has developed a Business Continuity Plan on how the firm will respond to events that significantly disrupt its business. Since the timing and impact of disasters and disruptions is unpredictable, RSC will have to be flexible in responding to actual events as they occur. With that in mind, RSC is providing you with this information on the business continuity plan.

Contacting RSC:
If after a significant business disruption you cannot contact RSC as you usually do at either the toll free number 800-642-5082 or one of the direct lines, go to RSC’s web site at www.ruansecurities.com. If you cannot access the firm through any of these means, you should contact RSC’s clearing firm, Mesirow Financial, Inc, at 800-453-0600 or www.mesirowfinancial.com for instructions on how to receive prompt access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions.

Business Continuity Plan:
RSC plans to quickly recover and resume business operations after a significant business disruption and respond by safeguarding RSC’s employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing the firm’s customers to transact business. In short, the business continuity plan is designed to permit the firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

This 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 the firm’s customers prompt access to their funds and securities if the firm is unable to continue its business.

RSC’s clearing firm, Mesirow Financial, Inc, backs up RSC’s important records in a geographically separate area. In addition, RSC backs up its electronic records nightly and each morning sends a backup tape to a secure offsite facility. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, RSC has been advised by the 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 48 hours. 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 RSC, a single building housing the firm, the business district where the firm is located, the city where the firm is 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 RSC or the building housing our firm, RSC will transfer its operations to a local site when needed and expects to recover and resume business within 48 hours. In a disruption affecting the firm’s business district, city, or region, RSC will transfer operations to a site outside of the affected area, and recover and resume business within 72 hours. In either situation, RSC plans to continue in business, transfer operations to the clearing firm if necessary, and notify you through RSC’s web site www.ruansecurities.com on how to contact the firm. If the significant business disruption is so severe that it prevents RSC from remaining in business, RSC will assure our customers’ prompt access to their funds and securities.

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