From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Date: Tue, 31 Mar 2015 18:20:38 +0000 terrible execution as stock was 14.40/14.42 with approx 415k of volume when you placed order also should i challenge .06 vs .03? a few thoughts: I) we could shut down Galloway as he is down to 1 position TBIO (currently at 1.45) and use TD Ameritrade for plane vanilla executions they charge 9.99 per trade 2) another idea is for butterfly to take loan from SFL and purchase your next idea in that account to hopefully utilize cap loss carry which will be approx 1,000,000 - 1,100,000 in 2015 (butterfly cash balance after yesterday wire is approx 83,000) Richard Kahn Begin forwarded message: From: Vahe Stepanian To: Richard Kahn < Cc: Daniel Sabba Subject: RE: [C] Date: March 31, 2015 at 2:11:04 PM EDT Classification: Confidential Yes, CC'ed you on report. Commission is $0.06/sh. >, Arlene Dwyer From: Richard Kahn [rnailto: Sent: Tuesday, March 31, 2015 2:09 PM To: Vahe Stepanian Subject: Re: [C] EFTA00655355 has order been filled what was commission on trade please advise thanks Richard Kahn HBRK Associates Inc. On Mar 31, 2015, at 1:33 PM, Vahe Stepanian < wrote: Classification: Confidential Got it Jeffrey. Will be back to you in a few minutes with your print. Thank you, Vahe From: Daniel Sabba Sent: Tuesday, March 31, 2015 1:31 PM To: Vahe Stepanian Subject: FW: [C] Classification: Confidential From: jeffrey E. [mailto:[email protected] Sent: Tuesday, March 31, 2015 1:31 PM To: Daniel Sabba; Richard Kahn Subject: Re: [C] 15 thousand shares. thanks On Tue, Mar 31, 2015 at 1:29 PM, Daniel Sabba < Classification: Confidential Looking into it. wrote: From: Jeffrey E. [mailto:jeevacation©gmail.com Sent: Tuesday, March 31, 2015 1:28 PM To: Daniel Sabba; Richard Kahn Subject: buy 15k wisdom tree, wetf please note EFTA00655356 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to ja®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the EFTA00655357 intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00655358