EFTA01432276

Subject: Excessive Transactions March 2019 Account From: dboi oversight ‹ > Date: Mon, 01 Apr 2019 17:41:30 -0400 To: Stewart Oldfield Cc: Ryan Neumann Surendra Singh Teresa Metallo Debra Jasper Classification: For internal use only Hello Stewart, [I] Please be advised that the below listed money market account has exceeded the allowed number of transactions on Date (03/29/2019). You are receiving this email because you are the banking officer on this account. Letter to the client will be sent out on (04/04/2019) notifying them of the violation. If it is the third violation, the account must be converted to a transactional account (i.e., DDA or NOW) within 10 days from the date of the final notice. In the event a subsequent transaction is posted to the non- transactional account post 3rd violation, during the 10 day grace period, the funds must be transferred to a transactional account immediately. If you think your client's violation is due to a bank error, please respond to both myself and Ryan Neumann in Compliance with your reason and it will be reviewed. If we do not receive a response in next two business day, we will assume you are not disputing this violation and letters will be sent according to Federal Regulations. Acc # - Southern Trust Company, 1st violation Please advise your client about the Regulation D requirement allowing only 6 transactions per month. {cid:[email protected]} 8 Transactions- Preauthorized Debit Thanks & regards, Oversight & Escalation Team Oversight & Escalation DBOI Global Services Private Limited COO Wealth Management Operations A-1 & A-2, Evolve - Mahindra Technology Park, Inside Mahindra World Cit - SEZ, 302029 Jaipur, India Tel. & (BCP) Email EFTA01432276 EFTA01432277