From: Tazia Smith Sent: 5/13/2014 7:20:12 AM To: Nay Gupta ; Paul Morris CC: Vinit Sahni Subject: Re: Fw: a suggestion from nav april 15 [CI Classification: Confidential I pointed that out too and Rich expressed the reality that we will only receive feedback on the trades that do not work out as expected. I shared this feedback with you at Rich's request, as an FYI, and to recognize that despite the adversity that Jeffrey expressed about more vanilla positions (investments), Rich thinks presenting more of those would gain traction; Rich wants Jeffrey's activity back up as much as we do, back to trading mulitiple times daily. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York, NV 10154 original message From: Nav Gupta sent: 05/13/2014 08:10 AM GDT To: Tazia Smith; Paul Morris Cc: vinit Sahni Subject: Re: Fw: a suggestion from nav april 15 [C] Classification: confidential i showed 7E 4 trades Buy 10y BTPS - he would have made 18bp in a straight line incl transaction costs Buy Nationwide CoCo - which he transacted and is up 30bp on already Buy eurusd ly put - which he would be up v small on as eurusd has moved from 1.382->1.376 A penny option (6bp of notional) tactical 2week trade that didnt work he should focus on the big picture From: Tazia Smit To: Nav Vinit Sahni Date: 12/05/2014 14:44 Subject: Fw: a suggestion from nav april 15 [C] Classification: confidential CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112151 CONFIDENTIAL SDNY_GM_00258335 EFTA01454179