EFTA02359330.pdf

From: Richard Kahn < Sent: Monday, April 6, 2015 1:08 PM To: jeffrey E. Subject: Fwd: Commissions Summary [C] Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel =12-971-1306 fax cell =17-414-7584 Begin forwarded message: From: =/b>Vahe Stepanian < To: Richard Kahn < Cc: Daniel Sabba < >, Ariane Dwyer < Subject: =/b>Commissions summary [C] Date: April 6, 2015 at 9:05:41 AM EDT Classification: Confidential Rich- hope you had a =reat holiday weekend. We went through all equity trades done by =outhern Financial (in acct. ending x804), and created the summary below =or your reference. Note that this is =x-IPOs and secondary offerings, and that DB has a required $50 minimum =icket. Since the second half of 2014, we have charged $0.06/sh., while =verage commission paid by Southern Financial since inception is =0.0S5/sh. Please let us know if =ou have questions. EFTA_R1_01347573 EFTA02359330 Thank you, Vahe "Source: Pershing LLC as of =12/2015 Vahe Stepanian Assistant Vice President = Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email "The above report is a service from =our Investment Professional, not a substitute for your account =tatements and confirmations. This report is prepared as of trade date rather than settlement date and may be prepared on a different date =han your statement. This report uses information from sources that =ershing believes to be reliable, but Pershing cannot guarantee the =ccuracy of this information or the reliability of these sources. If you find discrepancies in this report, please contact your =nvestment professional. This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received =his communication in error) please notify the sender immediately and =estroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly =orbidden. Deutsche Bank does not render legal or tax advice, and the information =ontained in this communication should not be regarded as such. 2 EFTA_R1_01347574 EFTA02359331