Gar Wood Securities, LLC Privacy and Personal Information
Gar Wood Securities, LLC has a strict policy of protecting the confidentiality and security of information we collect about our clients. We do not share information about you outside of Gar Wood Securities, LLC without your expressed consent except as described below.
In establishing an account with Gar Wood, it is necessary that you provide the firm with certain personal information necessary to ensure that your account is managed consistent with your investment objectives and personal financial goals. This information will generally be derived from the following sources.
Information we receive from you on the New Account Form or other forms, and:
Information about your securities transactions with the firm or advisers that may be providing financial services to you.
It is the policy of Gar Wood that we do not disclose any non-public personal information about you to anyone except authorized employees, affiliated third parties or as required by law or court order. Information is shared with non-affiliated third party service providers only as necessary to execute and/or settle transactions in your account.
If you decide to close your account(s) with Gar Wood, or become an inactive customer, Gar Wood will adhere to the privacy policies and practices as described in this notice.
Gar Wood restricts access to your personal and account information to those employees and authorized third parties who need to know that information to provide account services and related support to you. The firm maintains physical, electronic, and procedural safeguards to guard your non-public personal information.
Should you have any questions regarding Gar Wood’s policy, please contact your Gar Wood representative.
Gar Wood Securities, LLC Business Continuity Planning
Gar Wood 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 (312) 566-0740, you should call our alternative number (312) 953-3701 or go to our web site at www.garwoodsecurities.net. If you cannot access us through either of those means, you should contact our clearing firms, as applicable, for liquidating orders, check/wire requests and securities transfers; Interactive Brokers LLC at 866-694-2757 and www.interactivebrokers.com, Axos Clearing LLC at 402-384-6100 and www.axosclearing.com or Vision Financial Markets, LLC at 877-836-3949 and www.vfmarkets.com.
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 firms back up their 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 it’s their objective to restore their own operations and be able to complete existing transactions and accept new transactions and payments within 8-24 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 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 the same business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area and recover and resume business within one business day. 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.garwoodsecurities.net or our customer emergency number, (847) 770-5753 on how to contact us. 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 (312) 662-1265 or email@example.com. In addition, our business continuity disclosure may be accessed at www.garwoodsecurities.net
Gar Wood Securities LLC (GWS) has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make available to the public quarterly reports about their order routing practices.
The report provides information on the routing of “non-directed orders” — any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, GWS has selected the execution venue on behalf of its customers.
This report identifies the venues most often selected by GWS, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of GWS’s relationship with the venues.
Please note that GWS utilizes two (2) separate clearing firms for its customer orders; 1) Axos Clearing LLC and 2) Interactive Brokers LLC. Due to the distinct differences in the nature of these clearing relationships and how our customer orders are handled, GWS provides two (2) SEC Rule 606 Reports; One applicable to our clients’ orders at Axos Clearing and another for our clients’ orders at Interactive Brokers.
For your review, below are Links to each of these Rule 606 reports.
Questions regarding this report should be addressed to the GWS Compliance Department at (312) 662-1265.