EFTA02652131.pdf

From: jeffrey E. <[email protected]> Sent: Wednesda A ril 26 2017 1:19 PM To: Subject: Re: Update M said london giving her a hard time??!- On Tue, Apr 25, 201= at 9:33 PM, wrote: Hi Jeffrey Here is where we stand: • Initial employment contract is so basic it contains nothing=of note. Over the past 17 years I would have attested to a 12 month non co=pete. No copies available to me. Given I am not competing with JPM for cli=nts or assets I do not envision any problems. • Garden leave is 90 d=ys for an MD • LLC setup and SEC registration would take 45.60 days.=I cannot do any of this until my garden leave is over unless Mary consents=to it. * I am a CFA so not necessary to get my Series 65 • Wou=d find space in a work share location • Given I need some taxable in=ome we should structure the payment as a $250K annual fee (paid semi annua=ly) with the balance as the forgivable loan paid upfront. This would=be repeated over 3 years. We would need full disclosure of this loan. Some=people that I spoke to felt that a loan from a client is not allowed but l=double checked with a lawyer and he is going to confirm that it is in fact=ok. If for some reason the RIA rules do not allow this then everything wil= be taxable to me which requires us to go back to the drawing board regard=ng numbers. If the IRS for some reason deems part of it taxable for servic=s rendered during the course of the year then we would figure out somethin= at the backend. • I have a good handle on what your current trading=setup is and what we need to fix. We will need to ramp up our trading at M=rrill to stay on the Institutional platform and have any chance of getting=an ISDA. We could do that fairly quickly and not cost us too much if we ca= play the new issue preferred market. Rich is confirming capabilities at D=. We might be able to trade derivatives with a long form confirm. Paul EFTA_R1_01895099 EFTA02652131  <=div> =C24> please note The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this return e-mail o= by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved <ftiv> --001a11c1321e34f378054e11b0c7-- conversation-id 46110 date-last-viewed 0 date-received 1493212761 flags 8590195713 gmail-label-ids 7 6 remote-id 708527 2 EFTA_R1_01895100 EFTA02652132