r..t.•-•wrOrw.“ v.mt •oen.im At.a.stNtl ir. • 4u. • I :et :t; L F, , , - - A -..•• Er 33 34 3I E. XI • $ • % • 2;:. - '.• ••• 4. • L.- tOtg—t 5\tia . terattlp . . 0 • ; hat writ Mose Ian Ct.fil0C OAAK MOST. tot <t/w>.1 Is WWI... • Ins r"ah 14C04'S t's rtitoosnst StlasOltearlstWAI Ira ttSS.I • l t.• assts. WOO, • Cmu Mn. COPOMILI l• • • its Nainte.10 • Spasms Neasket SCUTI.CIVOTSJC At.SP.:Ctatt Arrest. 0 %eat it bravos Oat Ctn." WII) • ',e.t.a ID. Ho ,n • ksests "Santa tsesssysii•Stsentet .t tit.Sat444.411.ta 00 Inas tan olcsthe>tle.111 Cs woos a.t sCt..lar• Iskettattrt net • tstivil Stet rtwastlarrsts.TtssItt .4.10101. rstossIttssatssventotibta X Cessna., Mantle • X ceases., Wass /oat( IOUS Congos, lanisthttebOX *41.:(044.flos ttstt.s. Co, vtiweA. pia vo ,ttStS Vat that "mutt Ntattea tV.Il Nest Wit ttrIltS1 Its. toy I tow./ tic ita Lwcew .µY. tAarittlatt u. crttittsts iatkito Vz 9tatittlist alestaast Asst. Saatos Ds Me Any (Snit Andrew Xu, CFA writ. ran. Wr.rt ran% nW nr Original Message From: Vahe Stepanian Sent: Thursday, February 19, 2015 1:39 PM To: Roddy Moore Cc: Troy-D Williams; Andrew Xu; Daniel Sabba Subject: FW: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC (8032932) for USD 340,000.00 [I] Classification: For internal use only Roddy- I just received the attached margin call from Paul Morris. Can you please make sure that Daniel Sabba and myself are added, while Tazia Smith and Kevin Quinn are removed? More importantly, I would appreciate if you could walk me through what exactly triggered the margin call. I looked at the valuation statements and was unable to conclude what triggered it. Will hop on the phone with the client to move assets around as soon as I have a better understanding. I have attached the past two valuation statements for your convenience. Will call you shortly to follow up. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 116089 CONFIDENTIAL SDNY_GM_00262273 EFTA01456793