EFTA01370277

From: Stewart Oldfield Sent: 6/7/2016 5:21:53 PM To: Stewart Oldfield I CC: Daniel Sabba Subject: RE: (No Subject) 0) Classification: For Internal use only Vahe, ; Joseph Dursi ; Andrew King ; Vahe Stepanian Brianna Fowler When you look at margin release on certain securities (like we do for SK occasionally), do you just need CUSIPs? From: Stewart Oldfield Sent: Tuesday, June 07, 2016 5:18 PM To: Joseph Dursi; Andrew King Cc: Daniel Sabba; Vahe Stepanian; Brianna Fowler Subject: FW: (No Subject) [I] Classification: For Internal use only Have you guys looked at preferreds? From: Daniel Sabba Sent: Tuesday, June 07, 2016 5:01 PM To: Vahe Stepanian; Stewart Oldfield Subject: FW: (No Subject) Did u get this? Stew maybe this topic is a perfect entree for 1SG? Original Message From: Richard Kahn [ Sent: Tuesday, June 07, 2016 04:49 PM Eastern Standard Time To: Subject: can you please look into a basket of preferred stocks (probably via a structured note) that we can lever 2-3x in a margin account think you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New Voris, NY 10022 tel fax eel= CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062945 CONFIDENTIAL SDNY_GM_00209129 EFTA01370277