EFTA01372233.pdf

From: Stewart Oldfield Sent: 4/1/2019 5:48:42 PM To: dboi oversight CC: Ryan Neumann ; Surendra Sin h Teresa Metall° Bradley Gillin BCC: Subject: Re: Excessive Transactions March 2019 Account Thanks. Let me look into what happened here and come back to you. Stewart Oldfield, CFA, CAR Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue. New York, NY 10154 Securities offered through Deutsche Bank Securities Inc On Apr 1, 2019, at 11:41 PM, dboi oversight wrote: 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., DDA 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 D requirement allowing only 6 transactions per month. <image003 jpg> 8 Transactions- Preauthorized Debit Thanks & regards, Oversight & Escalation Team CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0065883 CONFIDENTIAL SDNY_GM_00212067 EFTA01372233