EFTA01456781

From: Vahe Stepanian Sent: 2/19/2015 Mi mi To: Paul Morris Amanda Kirby CC: Daniel Sabba Subject: FW: Margin Call from DEUTSCHE BANK AG IMI to SOUTHERN FINANCIAL LLC for USD 340,000.00 [I] Attachments: ExposureStatementReport_SOUTHERN FINANCIAL, LLC xls; II TH R FINAN IA LLC pdf; .pdf; df Classification: For Internal use only Paul / Amanda - just an FYI that I believe the SFLLC margin call to be no good. We're going to hold off on reaching out to the client until we hear back on the below. Thanks, Vahe From: Andrew Xu Sent: Thursday, February 19, 2015 2:37 PM To: [email protected].; Courtney Dubbuisson; Rob Bechtold; Roddy Moore; Troy-D Williams Cc: Vahe Stepanian Subject: FW: Margin Call from DEUTSCHE BANK AG. to SOUTHERN FINANCIAL, LLC ■ [I] Classification: For Internal use only Hi Guys I need your help on 2 things. for USD 340,000.00 First thing is to add Vahe Stepanian and Daniel Sabba on to the email chain for this client and remove Tazia Smith and Kevin Quinn. Second thing is, it seems that the client is getting double charged the IM for 1 of the trades. Highlighted below is a new IM that just popped up for this client, however I know that for that trade the IM is getting captured in the Rules of the Road segment. Can you guys double check to make sure the client is not getting penalized twice? Thanks CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 116076 CONFIDENTIAL SDNY_GM_00262260 EFTA01456781