EFTA Document EFTA01373129

Begin forwarded message: From: dboi oversight aM> Date: April 1, 2019 at 11:41:30 PM GMT+2 To: Stewart Oldfield Cc: Ryan Neumann < , Surendra Sin Teresa Metallo < Debra Jasper Subject: Excessive Transactions March 2019 Account #44129244 III Classification: For Internal use only Hello Stewart, 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., 0DA 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 # 44129244- Southern Trust Company, 1st violation Please advise your client about the Regulation 0 requirement allowing only 6 transactions per month. CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0067161 CONFIDENTIAL SDNY_GM_00213345 EFTA01373129