EFTA Document EFTA01376260

"This o trust with several of Epstein's employees os beneficiaries, and him os grantor. He will have trading authority along with the trustee, but the assets ore 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 550mm net worth to trade cash equities and bonds in KCP. Presumably not all of the !PO business meets that threshold, but you would know better. Either way, need to decide and get on account open os soon os we can at this point." <image001.gif> Coley Jellinghaus Managing Director I Head of Investment Solutions Group Wealth Management Americas DB Securities Inc. 345 Park Avenue. 10154-0004 New York. NY, USA From: zia Memon Sent: Thursday, September 27, 2018 11:39 AM To: Coley Jellinghaus Cc: Diana Canter Subject: RE: Butte' Coley, I haven't forgotten this one. I need to discuss further with Kim and others. We just closed a CCT (compliance testing) action item, where they had questioned KCP coverage of clients which didn't meet KCP standards, including Josh's syndicate accounts. Kim is back from London tomorrow, so discussion may occur early next week. Everyone needs to re-evaluate the risk of having an account covered by KCP team without KCP qualifying paperwork, 2110/SO million and big-brother letter etc. Also, this will be an irrevocable employee benefit trust, trading cash equities and IPOs, and we have been advised that the trust is valued around $S million. Thank you. <image:002 prig:, Kind Regards 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 <image003.png> CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072240 CONFIDENTIAL SDNY_GM_00218424 EFTA01376260