EFTA Document EFTA01399254

Subject: RE: Butterfly brokers e [I] From: Diana Canter Date: Tue, 25 Sep 2018 15:20:23 -0400 To: Funda Bozkurt zia Memon Cc: Kimberly Hart Please give me some examples Kind regards, Diana Canter Ottps://brandportal.intranet.db.com/img/modules/- DAWM_ logo_ metallic 46x46.gifl Diana Canter Director I Supervisory Principals Group-Business Supervisory Office Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 1 South Street, 21202-3298 Baltimore, MD, USA Tel. Fax Email From: Funda Bozkurt Sent: Tuesday, September 25, 2018 3:18 PM To: Diana Canter ; zia Memon e > Cc: Kimberly Hart Subject: RE: Butterfly brokerage [I] Classification: For internal use only + Kim as well. EFTA01399254 KCP clients cannot open accounts unless they have adoption documentation. These adoption forms have to be on file, either in their shared drive or saved on Pershing if Pershing is the only account they have open. What is the process for coding? Can we request these docs to be coded please? Again, there are so many KCP brokerage clients without the adoption package. How did Ziggy approve them? And to clarify further, these are not only Josh's accounts. Tazia and Billy O. also have a bunch. In this particular case, do we know if the client ( or the beneficial owners) had the documentation on file since the client already has an existing relationship? Thanks, Funda Bozkurt Deutsche Bank Trust Company Americas. WM-Divisional Control Office 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Email From: Diana Canter Sent: Tuesday, September 25, 2018 3:00 PM To: Funda Bozkurt zia Memon Subject: RE: Butterfly brokerage [I] One of the problems is that the document is not bar coded and we are not able to track it as missing but we should have it hand before we approve the account to be opened. What brokerage accounts don't you see documents for??? EFTA01399255 D Kind regards, Diana Canter fhttps://brandportal.intranet.db.com/img/modules/- DAWM_ logo_ metallic 46x46.gifl Diana Canter Director I Supervisory Principals Group-Business Supervisory Office Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 1 South Street, 21202-3298 Baltimore, MD, USA Tel. Fax Email From: Funda Bozkurt Sent: Tuesday, September 25, 2018 2:47 PM To: zia Memon Cc: Diana Canter Subject: RE: Butterfly brokerage [I] Classification: For internal use only Ziggy should reject the account opening when that happens. How does he approve??? And to be honest, I am reviewing the KCP brokerage accounts and almost none of them has documentation. It is still unclear to me how these accounts are opened at the time. It is a requirement for the KCP employee to collect the KCP documentation if KCP is managing the account. EFTA01399256 Thanks, Funda Bozkurt Deutsche Bank Trust Company Americas. WM-Divisional Control Office 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Email From: zia Memon Sent: Tuesday, September 25, 2018 1:43 PM To: Funda Bozkurt Cc: Diana Canter Subject: RE: Butterfly brokerage Funda, See below. ISG is supporting opening an account and managed by KCP for a trust, even though the trust doesn't meet KCP qualification. We can discuss later. Thank you fcid:[email protected] Kind Regards EFTA01399257 Zia Memon Managing Director I Head, WM-US Business Supervisory Office Deutsche Bank Securities Inc. Wealth Management Americas 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Fax Mobile Email fcid:[email protected] From: Coley Jellinghaus Sent: Tuesday, September 25, 2018 11:13 AM To: zia Memon Cc: Diana Canter Subject: FW: Butterfly brokerage Hi Zia - Ziggy and Stew Oldfield brought me up to speed on this quickly last week (Stew recaps the details below) and the client has been waiting to open the account for some time. From my perspective it seems inefficient for the new account being opened to be covered by ISG when all the other account, albeit with distinct beneficial owners, are covered by KCP. My understanding is that not every account that currently trades in KCP is KCP adopted. Can we get comfortable with this new account being covered by the same KCP coverage team? Coley Sent with BlackBerry Work (www.blackberry.com) From: Stewart Oldfield Date: Tuesday, Sep 25, 2018, 7:44 AM To: Coley Jellinghaus < › EFTA01399258 Cc: Bradley Gillin Subject: RE: Butterfly brokerage Yes. This a trust with several of Epstein's employees as beneficiaries, and him as grantor. He will have trading authority along with the trustee, but the assets are no longer his since the trust is irrevocable. So Zia felt we could not combine with his other assets to get to the KCP standard. Having said that, it's not clear to me that a client needs to be $50mm net worth to trade cash equities and bonds in KCP. Presumably not all of the IPO business meets that threshold, but you would know better. Either way, need to decide and get an account open as soon as we can at this point. Thanks From: Coley Jellinghaus Sent: Tuesday, September 25, 2018 10:41 AM To: Stewart Oldfield Cc: Bradley Gillin Subject: RE: Butterfly brokerage Is this the one we discussed with Ziggy that currently has KCP coverage for some related accounts? Sent with BlackBerry Work (www.blackberry.com) From: Stewart Oldfield ‹ > Date: Tuesday, Sep 25, 2018, 7:05 AM EFTA01399259 To: Coley Jellinghaus < => Cc: Bradley Gitlin ‹ > Subject: FW: Butterfly brokerage What's your current thinking on this? Need to get something opened for him. He asked a month ago From: Richard Kahn [mailto: Sent: Tuesday, September 25, 2018 10:04 AM To: Stewart Oldfield ‹ > Subject: Re: Butterfly brokerage any update on when account may be opened? please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell On Sep 18, 2018, at 3:12 PM, Stewart Oldfield wrote: EFTA01399260 Who will have trading authority? Thanks <image001.png> Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel. Mobile Email Securities offered through Deutsche Bank Securities Inc. 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. 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