Date: Tuesday. Sep 25, 2018.7:44 AM To: Coley Jellinghaus Cc: Bradley Gillin Subject: RE: Butterfly brokerage Yes. This a trust with several of Epstein's employees as beneficiaries, and him as grantor. He will have trading authority along with the trustee, but the assets are 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 $50mm net worth to trade cash equities and bonds in KCP. Presumably not all of the IPO business meets that threshold, but you would know better. Either way, need to decide and get an account open as soon as we can at this point. Thanks From: Coley Jellinghaus Sent: Tuesday, September 25, 2018 10:41 AM To: Stewart Oldfield < Cc: Bradley Gillin < Subject: RE: Butterfly brokerage Is this the one we discussed with Ziggy that currently has KCP coverage for some related accounts? Sent with BlackBerry Work (www.blackberrv.com) From: Stewart Oldfield Date: Tuesday. Sep 25. 2018 7:05 AM To: Coley Jellinghaus Cc: Bradley Gillin Subject: FW: Butterfb. brokerage What's your current thinking on this? Need to get something opened for him. He asked a month ago From: Richard Kahn Sent: Tuesday, September 25, 2018 10:04 AM To: Stewart Oldfield < Subject: Re: Butterfly brokerage mailto any update on when account may be opened? please advise thank you Richard Kahn YIBRK Associates Inc 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0042715 CONFIDENTIAL SDNY_GM_00188899 EFTA01356714