EFTA01291899.pdf

Deutsche Bank DeutHhe x.all, m.noteinen
Mullett (nuptt 00u;
Drench, s.,..
P.O.Box 17 76, Baltimore, MD 212O3
New it, WY 103%4
December 1, 2017 - December 31, 2017
Account Number:
SOUTHERN FINANCIAL LLC
ST THOMAS VI 00802
Portfolio at a Glance
This Period Yew-to-Ciale
Your Investment Specialist: BEGINNING ACCOUNT VALUE $17,248,000.00 $0.00
JOSHUA SHOSHAN Nel Securdies In/0ul al Account 0.00 17,588,000.00
Adjusted Previous Account Value 17,248,000.00 17,588,000.00
Dividends.IMeresi and Other Income 1.10 63,001.40
Net Change in Portfolio' •291.123.66 -694.123.66
ENDINGACCOUNT VALUn $16,956,877.74 $16,956,877.4
Estimated Annual Income 0252.001 40
1 Net Change in Portfolio lathe difference between the ending account value and
beginning account value after activity.
The Bank Deposits in your account are FDIC insured bank deposits.
FDIC insured bank deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC) These bank deposits are covered by the Federal Deposit
Insurance Corporation (FDIC), up to allowable limits.
Asset Summary
Percent Asset Type Prier Vess-Eed Led Period This Period
1% Cash, Money Funds, and Bank Deposits 0.00 63,000.00 33,877.74
99% Equities 0.00 17,185,000.00 16,923,000.00
100% Account Total $0.00 $17,248,000.00 $16,956,877.74
Please review your allocation periodically with your Investment Specialist.
Page 1 of l'
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* Rated hitt Owing throughR ana ue..rM owned
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CONFIDENTIAL — PURSUANT TO FED. R CFO M. P. 6(e) DB-SDNY-0012643
EFTA_OO16O428
EFTA01291899

Summary of Gains and Losses
Raked
This Period Yes-It:Dale Unteanzed
Short-Term Gain! Loss 0.00 0 00 -58.416 00
Long-Term Gain! Loss 7.055.488.92 7.055.488.92 0 00
Net Gain! Loss 7,055,488.92 7,055,488.92 -58,416.00
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the ECB' ) and other credit institutions introduced' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 10 99 and/ or 1042 S These rates are subject to change in response to market changes, and we may. in the
future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances.
FDIC Insured Bank Deposits
Date Atha). Type Desaiption Amount Balance
Sweep FDIC Insured Bank Deposits
INSURED DEPOSITS PROGRAM
Activity Ending: 12129! 17
12/01/I7 Opening Balance 63.000.00 83.000.00
12/11/17 Withdrawal WITHDRAWAL 43001.24 -1.24
12/11117 Deposit INTEREST POSTED 1.24 0.00
12/12(17 Deposit DEPOSIT 33.877.58 33.877.58
12/15(17 Deposit INTEREST CREDITED 0.16 33077.74
APY 0 03%
12/18/17 Citibank N A. 33,877.74
A/ 012! 18 $33877.74
1229/17 Closing Balance $33,877.74
Total FDIC Insured Bank Deposits $33,877.74
The FDIC Insured Bank Deposits are no1 securities and are not covered by the Securities Investor Protection Corporation (SIPC). The Bank Deposits at each bank are insured by the
Federal Deposit Insurance Corporation (FDIC) up to $250.0 0 0 for each category of legal ownership including individual retirement accounts and certain other self directed retirement
accounts. Please review this in connection with other deposits you may have at each respective bank.
Income and Expense Summary
Current Perla Yeetto-DMe
Tenable Non habit Trtable Non Taxable
Dividend Income
Equities 0.00 0.00 63.000 00 0.00
Page 2 of "
Rated Excellent °wringI MO. holing LI.C, a wholly owned
A0101111. 25 L Every Vex Since 2007 subsidiary as bake. New York Mellon
CONFIDO. DALSAR WED COMMJNCATICOS Carponthan (MY Mellon)
EXC0AENCt Penme. LIX. merrtt, F liRn.44ti YU:PM—00049820
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DEt-SDNY-00 12644
EFTA_OO I 60429
EFTA01291900

Deutsche Bank
P.O.Box 17 7 6, Baltimore, MD 21203
December 1, 2017 - December 31,2017
SOUTHERN FINA NCIA L LLC
ncome and Exoense Summa'y (continued)
Oment Period Yealo-Dde
Tootle Non Tenable Talkie Non Tea*
Interest Income
FDIC Insured Bank Deposits 1.40 0.00 1.40 0.00
Total Dividends, Interest, Income and Expenses $1.40 $0.00 $63,001.40 $0.00
Portfolio Holdings
Account AcOrIty Opening Doing Acaved llama 30Sey Onrent
°peeing Ode Pantile IlemSr Ending Bina Bina Income This Year Mid Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 1.00% of Portfolio
FDIC Insured Bank Deposits
INSURED OEPOSTSPROGRMI
12701/17 33.877.740 NIA 12729/17 83.000 00 33.877.74 0 41 140 NM NIA
Total FDIC Insured Bank Deposits $63,000.00 $33,877.74 50.41 51.40
TOTAL CASH, M ONEY FUNDS, AND BANK DEPOSITS $63,000.00 $33,877.74 $0.41 51.40
Unrealized Estimated Estimated
DateAcquired Ottailly Udt Cod Cost Bads Market Price Market VS. Gar loss Annual income Yield
EQUITIES 99.00% of Portfolio
Common Stocks
APPLE INCCOIA Security 'daddies4API
Dividend Option: Cash CUSP:03183390
12107/17 100,000.000 169.8140 16,981,416.00 169.2300 16,923,000.00 .68,416.00 252.000.00 1.48%
Total Common Stocks $16,961,416.00 $16,923,000.00 458,416.00 $252,000.00
TOTAL EQUITIES $16,981,416.00 $16,923,000.00 458,416.00 $252,000.00
Unedited Moved Estimated
Coll Beds Markel Wee Odenon interest Annutocome
TOTAL PORTFOLIO HOLDINGS $17,015,293.74 $16,956,877.14 458,418.00 $0.00 5252,001.40
Page 3 of t•
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AO 10 0 2 0 25 Every 'few Shwa 2007 subsidiary a 11w Bonita New York Mete
NFIDO. AL- DAUM RAlI D CONVOCATIONS CerPontim (MY Mellon)
EXCLUDa Pente. LIX. 'newt*, Filactrea 00049821
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012645
EFTA_00160430
EFTA01291901

or t fOlt0 Holdings (continued)
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of
1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially
subject to the cost basis reporting rules and may be reported to the IRS on form V99-8 for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, if the account does not receive a 10998, the cost
basis will not be reported to the IRS.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "N/A" and are omitted from the Total.
THEAS OF PRICE DATE ONLY APPEARSW HEN THE PRICEDATE DOESNOT EQUAL THE STATBA ENT DATE
Estimated Annual Figures
The estimated annual income ( EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.comf disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 196, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Page 4 of 11
Rated (Kart Owing tlwachpentingaCetthallymned
AO 1011..025 Every Vex Sect 2007 subsidiary a me brat a New York Mellon
CONFID AL- DAUM, RAT ED COMNARCATIONS CA•Pontim (MY Mellon)
EXCIAL CNC t Penne. MC. intrita Aliaktrea 00042822
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-OO12646
EFTA_00160431
EFTA01291902

Deutsche Bank
P.O.Box 1776, Baltimore, MD 21203
December 1, 2017 - December 31, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Schedule of Realized Gains and L sses Current Period
Date Date Realized
Desorption Disposed Acquired Designation Disposition Method/ Traotadion Quantity Proceeds Cod Bads Delwin;
Long Term
APPLE INCCOM 12107/17 09105114 Covered First In First Out / SELL 38,180 000 8,472,385.22 3,777,912.53 2,694.472 69
Security Identifier:037833130 12107117 09105/14 Covered First In First Out 1 SBA 7,200 000 1,220,565.05 712,440.29 508.124 76
12107/17 09105/14 Covered First In First Out / SELL 18,620 000 3,158,516.83 1,842,449.74 1,314,067.09
12107117 01111/18 Covered First In First Out I Sat 38,000 000 8,102,825.24 3,584,000.86 2,538,824.38
Total 100,000.000 18,952,292.34 9,898,803.42 7,055,488.92
Total Long Term 16,952,292.34 9,896,803.12 7,055,468.92
Total Short and Long Term 16,952,292.34 9,896,803.42 7,055,488.92
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, es
amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the
cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, if the account does not receive a 10998, the cost basis will
not be reported to the IRS.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you.
Page 5 of 11
Rated (Kant Owing tlwonshP atti PIC • Slay craned
AO 10029 00 25 Every Yaw Since 2007 subsidiary SIMUnita New York Melba
CONFIDO. AL4- DAWN MIE D COMMUNCATIM Colnatkie (MY Meta)
EXCULENCC Penhas 4C. wow**, FitiRAAWYMPA_00049823
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012647
EFTA_00160432
EFTA01291903

Schedule of Realized Gains and Losses Current Period (continued)
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099-B.
Messages
Federal Deposit Insurance Corporation (FDIC)-Insured Bank Deposits are not protected by Securities Investor Protection Corporation(SIPC).
For disclosure of rates for DW S money market funds, please visit the DW S Investments website at https:/ / www.dws-investments.comi EN/ products/ moneymarket-funds-yieldslsp
Please note that all money market funds listed on the website may not be offered through us.
Please note the following information for Pershing's 2017 Form 1099 tax statement (1099): The 1099 includes IRS1099 Form B, DIV, INT, OID and M ISC. Your 1099 will be delivered
as early as possible, beginning January 31,2018. By February 15, you will be mailed either your 1099 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have
not received and processed final information from issuers and trustees of securities you hold by the as of date of the February 151099 mailing. You will also be sent the notice if your
information is still being reviewed and finalized. It will inform you of the securities that are pending final reporting, and will provide the anticipated mail date of your 1099. Your 1099
w ill be mailed no later then M arch 15, 2018. For more information please visit mytaxhandbook.com.
Customer Collateral Account Under Securities Account Control Agreement
M UN ICIPA L SECURITIESRULEM AKING BOA RDS(M SRB®)
INVESTOR EDUCATION AND PROTECTION
An investor brochure that describes the protections available under M SRB rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on
the M SRBwebsite, msrb.org.
Pershing LLC is registered with the Securities and Exchange Commission (SEC), M SRB, FIN RA, and NYSE
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
The U.S. adopted a shortened settlement timeframe beginning with trade date September 5,2017, for equities, corporate and municipal bonds, and unit investment trusts. Moving
from a T+3 to a T+2 settlement cycle provides faster access to sale proceeds, but it also means that funds are due on purchase transactions earlier. This may be a good time to
consider e-delivery of your account documents-including trade confirmations, account statements and more. Ask your advisor or financial institution about how you can set up
e-delivery.
DISCLOSURE
By completing a physical or electronic contact form or providing Trusted Party information to my broker or advisor for electronic capture, I! we authorize the named Financial
Institution and Pershing LLC ("Pershing") and their affiliates to share my nonpublic personal information' held at Financial Institution and Pershing with the named trusted contact
person(s) (the "Trusted Contact Person(s)s) identified as such. Additionally, IF we authorize this information to be shared with the Trusted Contact Person(s) at the discretion of
Financial Institution and Pershing. This authorization includes, but is not limited to. sharing or disclosing any information regarding securities, insurance, bank related. financial
planning or other financial products or services offered by or through Financial Institution and/ or Pershing or any financial information l/ we may have provided to Financial Institution
and Pershing. If we understand that Financial Institution and Pershing, LLC may contact the named Trusted Contact Person(s) if there are questions/ concerns about my whereabouts
or health status (i.e., if Financial Institution and Pershing becomes concerned that I may no longer be able to handle my financial affairs) or in the event that Financial Institution and
Pershing becomes concerned that I may be a victim of fraud or exploitation. Financial Institution and Pershing suggests that the named Trusted Contact Person(s) not be someone
Page 6 of 11
Rated (Kant Deering Once.h olingP IC • Sway owned
AO 100295CSF30025 Every Vow Since 2007 sobeielNy elI N Boatel New VGA Melon
CONFIDO. AL- DAIJAR MUD CONVOCATIONS Ceeponthal (MY Mellon)
MEUCCI Penh...* MC. 'newt*, FilinAttAtilioPM_00049824
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012648
EFTA_00160433
EFTA01291904

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1, 2017 - December 31,2017
SOUTHERN FINANCIAL LLD
M es sag es (continued)
authorized to transact business on the account, or who is already otherwise able to receive the information described above.
Account owners should contact their Financial Institution or financial representative with additional questions.
Account owners may also contact FINRA at its toll-free number for senior investors to get assistance or raise concerns about issues with brokerage accounts and investments.
CALL: 844.57-HELPS(844.574.3577)
MONDAY - FRIDAY; 9 - 5 P.M . ET
• "Nonpublic personal information" includes. but is not limited to: financial account information and balances. information regarding the purchase of a security or insurance product.
and any other personally identifiable financial information: (i) provided by a me/ us to my/ our Financial Institution: (ii) resulting from any transaction in my/our account or any service
performed on behalf of met us by the Financial Institution, or (iii) otherwise obtained from met us by the Financial Institution.
Activity Summary (.1 sn,“ n are n one —rren.y)
°edits Tat Period Debits TaMPerlod Net ThtsPniod Credits Yeal-to-Date Debits Yem4o-Date Net Yew-to-Date
Securities
Securities Bough' 0.00 16,981,416.00 .16,981,416.00 0.00 -16,981,416.00 .16.981,416.00
Securities Sold 16,952,292.34 0.00 16.952.292 34 16.952.292.34 0.00 16.952.292.34
Securities Deposits 0.00 0.00 0.00 17.588.000 00 0.00 17.588.000.00
Total Securities $16.952.292.34 416.981.416.00 429,123.66 631.540.292.34 416.981.416.00 $17,558.876.34
Dividends and Interest $1.40 $000 $1.40 $63,001.40 $0.00 $63.001.40
FDIC Insured Bank Deposits $63,000.00 433.877.74 $29,122 26 $63.000.00 496.877 74 433.877.74
Totals $17.015,293.74 417.015.293.71 $0.00 $34,666,293.74 417,078,293.74 $17.588.000.00
Transactions by Type of Activity
Nomad Trade/
Settkment Nananalon
Date Dale Aaiun), Type Desaiption Quantity Price Aocyved lateral Amount Currency
Securities Bought and Sold
12/11/17 12/07117 SOLD APPLE INCCOM UNSOLICITED ORDER AVERAGE UNIT PRICE -100.000.000 169 5469 16,952,292 31 USD
AAPL TRANSACTION YOUR BROKER ACTED AS AGENT
12/11117 12/07/17 PURCHASED APPLE INC COM UNSOL AVERAGE UNIT PRICE TRANSACTION 100.000.000 169.7941 -16.981,416.00 USD
AAPL YOUR BROKER ACTED ASAGENT
Total Securities Bought and Sold - U.S. DOLLARS 0.00 -29.123.66
Page 7 of "
ID0
Rated Emedlont Owing Sae. Penb eg LI.C, a -holly owned
A0100 C6F3OKI5F L Every Yaw Saxe 2007 subscharft el The cab of New York Mellon
DALIAR MI ED C0MMUMCATIM Corponthm OW Melon)
EXC0.LENC( Penne. LIX.rren-ter EitiRnAcklireM_00049825
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-00 12649
EFTA_00 16043,1
EFTA01291905

Transactions by Type of Activity (continued)
Process Trade
Setttuner! Transaction
Date Dote Activity Type Oesuiption Quantity Price Acaved intend Amount Diming
Dividends and Interest
12111/17 FDIC INSURED BANK INSURED DEPOSITS INTEREST CREDITED INCOME REDEEM ED 1.24 USD
DEPOSITS INTEREST
RECEIVED
458997998
12115117 FDIC INSURED BANK INSURED DEPOSITS INTEREST CREDITED 0.16 USD
DEPOSITS INTEREST
RECEIVED
458997996
Total Dividends and Interest - U.S. DOLLARS 0 00 140
FDIC Insured Bank Deposits
12111117 FDIC INSURED BANK INSURED DEPOSTS PROGRAM FULL PRINCIPAL REDEEM BD 63.000 00 USD
WITHDRAWAL
US0999991
12112117 FDIC INSURED BANK DEPOSIT INSURED DEPOSITS PROGRAM 43.877 58 USD
U93999997
12115117 FDIC INSURED BANK INSURED DEPOSITS INTEREST REINVESTED .0.15 USD
DEPOSITS INTEREST
REINVESTED
458997996
Total FDIC Insured Bank Deposits - U.S. DOLLARS 0.00 29,122.26
Total Value of Transactions 0.00 0.00 USD
The price and quantity displayed may have been rounded.
P
Client Service Information
Your inventmeet Spedalid Em Canted inotmation
JOSHUA SH OSHA N Telephone Number
IPI NP.R.
Page 8 of 11
Rated C.cereefit OwingI MOPent/insI lt. a Sally owned
AO 10 0295CSF300 25 Every Yaw Since2007 subsidiary of The brat ar New York Melba
CONFIDO. AL- DALBAR RA TED COMMUNCATIONS Con,on)im (MY Mellon)
EXCIAL INC( Penme.U.C. nowt,. Fililltaakkaat 00049826
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012650
EFTA_00160435
EFTA01291906

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1, 2017 - December 31, 2017
SOUTHERN FINANCIAL LLC
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for Mutual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AM ORT IZ AT ION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DE UV ERN'
You have not selected any account corn mu nications for electronic delivery. To register and turn off paper corn munications, log in to your account or contact your Investment
Specialist for more information.
Important Information and Disc sures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders: the assessment of the suitability of those transactions, where applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.comi about strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statem ent, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed In writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department.
One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted.
Page of "
Rated tacaNnt Owing through holingL a. avdtolly owned
A0100295CSF30025 Every Vex Since 2007 subsidiary at The &onkelNew York Mellon
CONFIDO. AL- DAWN WED cow/women Ca ponthal (MY Melba)
EX( WOK t Penne. tiC. fitiRaMwast00049827
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012651
EFTA_00160436
EFTA01291907

Import ant Information and Disclosures (continued)
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain docum ants, w itn ess statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason(s) for their award, unless. in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class w ith respect to any claims encompassed by the putative class action until, (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330.
Page '0 of "
Rated hcell•nt Clearing tbraigh Penbne LLC. a wholly owned
A0100295CSF30025 L- (my Vex Since 2007 subschary et me Simko. New Yoh Melba
CONFID DALSAR Glor COMMJNCATICMS Carpontke (OW Mtn)
EXCD.LENC( Pent µC, mema. fitiRn:ige4PIVI_00049828
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-00 12652
EFTA_00 II 60437
EFTA01291908

TERMS AND CONDITIONS
TRANSACTIONS • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET MAKER, SPECIALIST, ODD LOT DEALER.
• ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE BLOCK POSIT IONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME OF ANY
SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS, CUSTOMS. USAGES. RULINGS AND TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH
INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY, F ANY, WHERE POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED.
THE TRANSACTIONS ARE EXECUTED AND/OR SETTLED. OR IF APPLICABLE. OF THE FINANCIAL • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR
INDUSTRY REGULATORY AUTHORITY AND TO ALL APPLICABLE LAWS AND REGULATIONS. FINANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS
• TITLE TO SECURITIES SOLD TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL SHALL REMAIN AVAILABLE UPON REQUEST.
WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT • A FINANCIAL STATEMENT OF PERSHING IS AVALABLE FOR YOUR PERSONAL INSPECTION AT
DATE. WHICHEVER IS LATER. PERSHING'S OFFICES. A COPY OF IT WILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN
• YOU MAY HAVE RECEIVED COWRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR VIEW IT ONLINE AT WWW.PERSHING.COM.
STATEMENT. F SO. THE TRANSACTIONS WLL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWW,PERSHING COINDISCLOSURES
TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. • THIS STATEMENT SHOULD BE RETAINED FOR YOUR RECORDS.
THIS IS ESPECIALLY TRUE F YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED.
FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES (RE-GULATON NMS-
FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S RULE 607(A)(1)-(211
BOOKS OF RECORD, ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS.
PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION
DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES IN YOUR ACCOUNT APPEARS ON THE NETWORKS. OR BROKER-DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED
STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE
FROM TIME TO THE DUE TO FLUCTUATIONS IN MONEY RATES OR OTHER REASONS. INTEREST IS ACCESS FEES TO PERSHING DEPENDING UPON THE CHARACTERISTICS OF THE ORDER AND ANY
COMPUTED AS DESCRIBED IN MATERIAL PREVIOLSLY FURNISHED TO YOU. PLEASE CONTACT YOUR SUBSEQUENT EXECUTIDN, THE DETAILS OF THESE PAYMENTS AND FEES ARE AVAILABLE UPON
FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPIES. WRITTEN REQUEST. PERSHING RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW
MARGIN INFORMATION: F YOU MAINTAIN A MARGIN ACCOUNT, THIS IS A COMBINED STATEMENT OF TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY AND OPTION
YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MAINTAINED FOR YOU UNDER ORDERS TO ITS AFFILIATE. BNY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL.
REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT COMPENSATION IS GENERALLY IN THE FORM CF A PER OPTION CONTRACT CASH PAYMENT.
RECORD OF THE SEPARATE ACCOUNT AS REQUIRED BY REGULATION T IS AVAILABLE FOR YOUR BEST OlECIMON: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER
INSPECTION UPON REQUEST. FLOW. PERSHING SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER-THE-
TAX INFORMATION COUNTER AND EXCHANGE-LISTED SECURITIES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS,
TRANSMITTED ELECTRONICALLY UP TO A SPECIFIED SIZE. AND TO EXECUTE TI.EM AT OR BETTER THAN
• AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATION TO THE INTERNAL THE NATIONAL BEST BID OR OFFER (NBBO). ON CERTAIN LARGER ORDERS, OR F THE DESIGNATED
REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITIES. AT THAT TIME PERSHING WILL MARKET CENTERS DO NOT MAKE A MARKET IN THE SUBJECT SECURITY. PERSHING DIRECTLY
PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU: USE THAT CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO
STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH
INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. QUALITY OF THEIR EXECUTIONS IN ONE OR MORE MARKET SEGMENTS AND THEIR ASLITY TO PROVIDE
• DIVIDENDS. INTEREST AND OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPERIOR TO THE NBBO. PERSHING ALSO REGULARLY
AS TAXABLE CR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION REVIEWS REPORTS FOR QUALITY OF EXECUTION PURPOSES.
DATE. THIS CLASSIFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS
GENERAL INFORMATION.
• PERSHING DOES NOT PROVIDE TAX. INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE
AF.F.nrIATEID WITH PERSHING IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY
SUCH ADVICE. IF GIVEN, INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO
DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS.
GENERAL INFORMATION
• WHENEVER YOU ARE INDEBTED TO PERSHING LLC ('PERSHING, FOR ANY AMOUNT. ALL SECURITIES
HELD BY IT FCR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR
LIABILITIES TO PERSHING. AND PERSHING MAY IN ITS DISCRETION AT MY TIME. W ITHOUT TENDER.
DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR
PRIVATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS;
ANY BALANCE REMAINING DUE PERSHING TO BE PROMPTLY PAID BY YOU.
• WHENEVER YOU ARE INDEBTED TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR
YOUR ACCOUNT ARE OR MAY BE. WITHOUT FURTHER NOTICE TO YOU. LOANED CR PLEDGED BY
PERSHING, EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WILL PERMIT THE
COMMINGLING THEREOF. WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN. EQUAL TO OR
GREATER THAN YOUR LIABILITIES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT
PROHIBITED BY LAW.
F ANY Of THE AltiVE TERNS AND CCNOITIONSARE UNACCEPTABLE TO YOU. PLEASE NOTIFY PERRINO NASSMATELY N WRIONG SY CERTIFIED PAUL TO ONE PERSNSIG MAD. JERSEY CITY. NJ MN, ATTN. LEGAL OUT
Pagel' of
ID
Rated taceernt OeNingtThetP•••••ns M.+ wholly owned
A0100 C6F30KI5F L Every Yew Since 2007 subsidiary a TIN Sank of New York Mellon
SALSASRATED COIN UNICATICOS CoS•ab20 (MY Melo) a an an
EXttUDICC Panting LLC. nowt.. filiRA•RIOT SiSe- l—u004,0"
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-00 12653
EFTA_00ll 60438
EFTA01291909

I5 I
Deutsche Bank DeutHhe Nnl POIsair Nteth MinMenilen
Marko Cenci.< 000;
Drenthe Wit Semeitieg
P.O.Box 1776, Baltimore, MD 21203 MMew Yeni citer
M arch 1,20'6 - November 30,2017
Account N umber
SOUTHERN FINANCIAL LLC
ST THOM ASVI00802
Portfoli o at a Glance
This Period Year-to-Date
Your Investment Specialist: BEGINNING ACCOUNT VALUE 50.00 50.00
Net Securities IntOut al Account 17,588,000.00 17,588,000.00
Adjusted Previous Account Value 17,588,000.00 17,588,000.00
Dividends, lateral and Other Income 53,000 00 63,000.00
Net Change in Portfolio( 403.000 00 -403.000.00
DM nil 817,248,000.00 517,248,000.00
Estimated Anneal Income 5252.000 00
'Net Change in Portfolio is the difference between the ending account value and
beginning account value after activity.
The Bank Deposits in your account are FDIC insured bank deposits.
FDIC insured bank deposits are not securities and are not covered by the Securities Investor Protection Corporation ($IPC). These bank deposits are covered by the Federal Deposit
Insurance Corporation (FDIC), up to allowable limits.
Asset Summary
Percent Asset Type Prior Yeat-End Lad Period Mt Period
1% Cash, Money Funds, and Bank Deposits 0.00 0.00 83,000.00
99% Equities 0.00 0.00 17,185,000.00
100% Account Total $0.00 $0.00 $17,248,000.00
Please review your allocation periodically with your Investment Specialist.
Page lof8
Rated (Kart Owing tlwonsh holingP IC a Sally craned
AO 0994 37CSF30 0 18 I 1. AL4 Every Veit since 2007 subsidiary a The Bonita New York Mellon
CONFIDO. DALBAR RATED CONVOCATIONS Onontim (MY Mellott)
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) . 4,1 EXCII CNC t Pen e. MC. ,,motet Filia D l B ct - i S te D La N t Y-0 00 0 0 1 4 2 9 6 83 5 0 4
EFTA_00160439
EFTA01291910

Summary of Gains and Losses
Reeked
This Period YettmDale Umaind
Longjerm Gain/ Loss 0.00 0.00 7,288,196.58
Net Gain/ Loss 0.00 0.00 1,288,196.56
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB' ) and other credit institutions introduced' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 1099 and/ or 1042 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances.
FDIC Insured Bank Deposits
Date Activity Type Description Amount Ban
Sweep FDIC Insured Bank Deposits
INSURED DEPOSITS PROGRAM
Activity Ending:11f 30/ 17
01129/17 Opening Balance 0.00 0.00
11/11117 Deposit DEPOSIT 83,000.00 83,000.00
11130/17 Closing Balance 183,000 .0 0
Total FDIC Insured Bank Deposits 883,000.00
The FDIC Insured Bank Deposits are not securities and are not covered by the Securities Investor Protection Corporation (SIPC). The Bank Deposits at each bank are insured by the
Federal Deposit Insurance Corporation (FDIC) up to 8250,000 for each category of legal ownership including individual retirement accounts and certain other self directed retirement
accounts. Please review this in connection with other deposits you may have at each respective bank.
Income and Expense Summary
04i rent Period Vesr4o•Dide
Taxable Nonfat* Taxable Non Tremble
Dividend Income
Equities 83,000.00 0.00 83,000.00 0.00
Total Dividends, Interest, Income end Expenses $83,000.00 $0.00 $63,000.00 10.00
Page 2 of 8
ON18
RattaKelint Owing tlwonglihnting PIC 'wholly owned
AO 0994 37CSF30 0 (my Vex Since 2007 subsidiary e4 TM brat W New York Mete
C FIDO. AL- DAIJAR MIE D COMNARCATIONS Cennatim (OW Mellott)
excite/ea Penhe.U.C. went..F tatateaGM_ 00049831
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012655
EFTA_00160440
EFTA01291911

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M arch 1,2016 - November 30,2017
SOUTHERN FINANCIAL LLC I
Portfolio Holdings
Amer Minty Owing Closing Acaued Income 30-Cmy Correa
opening Cole Coatily Number Baba Noce Bdance Income ThisYeet Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS t 00% of Portfolio
FDIC Insured Bank Deposits
INSURED DEFOSITSPROGRAII
01129/17 63,000.000 WA 11130111 0.00 63,000.00 0.73 080 NIA NIA
Total FDIC Insured Bank Deposits $0.00 $63,000.00 $0.73 $0.00
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $0.00 $63,000.00 $0.13 $0.00
Malta Estimated Estimated
Date Acquired Wady UM Ord Cod Beds Maker Pda Merkel Vela dialler Annual Income Yield
EQUITIES 9 9.0 0% of Portfolio
Common Stocks
APPLE INCCOM &eerily Ideetifier:AAPL
Dividend Option: Cask CUSP: 0378331)0
09105111'.12 38.180.000 98.9500 3377,912.53 171 8500 6.561233.00 2,783,320.47 96213.60 1.46%
09105/14 337 7,200.000 98.9500 712,440.29 171.8500 1237,320.00 524,879.71 18,144.00 1.46%
09105/14 313 18,620.000 98.9500 1,842,449.74 171.8500 3.199.847.00 1,357,397.26 46,922.40 146%
01111/18 312 38,000.000 99.0000 3,584,000.86 tit .8500 6,186,600.00 2,822,599.14 90,720.00 146%
Total Covered 100,000.000 9 896 803 42 17,185,000.00 7,288,196.58 252,000.00
Total 100,000.000 $9,896,803.42 $17,185,000.00 $7,288,196.58 $252,000.00
Total Common Stocks $9,896,803.42 417,185,000.00 57,288,196.58 $252,000.00
TOTAL EQUITIES $9,896,803.42 $17,185,000.00 $7.288,196.58 $252,000.00
Unrealized Moved Wielded
Cod But Markel Vat. Gehl/Lon bared ANIS 'MOM
TOTAL PORTFOLIO HOLDINGS $9,959,803.42 $17,248,000.00 57,288,198.58 $0.00 $252,000.00
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of
1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as 'noncoveree. Securities marked as "covered", were identified as securities potentially
subject to the cost basis reporting rules and may be reported to the IRS on form 13 99-B for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, it the account does not receive a 10998, the cost
basis will not be reported to the IRS.
3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reportedi n this section.
Page 3 of 8
MS Cacellent Owing OwonshP atti PIC • eh* owned
A0099437CSF30018 Every Year Age 2007 subsidiary elms &onkel New York Warn
CONFIDO. AL- DAUM RAII D COMMUNICATIONS OCConthal MY Melon)
EXCIUD1Ct Penne.* LI.C.rnterte filollaCINYIEP001-00049832
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012656
EFTA_00160441
EFTA01291912

Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price Securities for w hich a price is not available are marked "N/ A" and are omitted from the Total.
THEAS OF PRICE DATE ONLY A PPEARSW HEN THE PRICEDATEDOESNOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY( figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however. no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities. thereby overstating them. Refer to www pershing.com/ disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions. Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions.
including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate w ill not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day. increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Messages
Customer Collateral Account Under Securities Account ControlAgreement
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
Page 4 of 8
Rape (sawn Owing Sae. Periling U.C, a wttelly owned
AO 099437CSF30018 r • kjoll'a. Every Vex Since 2007 subsidiary et Ilya kM el New York Mellon
CONFID L4 DALSAR WED COMMUNCATICOS Carporatine (MY Mellon) np...
EXCIMENCE Penne, KC, inerrte. FiliRnAIMYYPO_00049833
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-00 12657
EFTA_00 I 60449
EFTA01291913

Deutsche Bank
P.O.Box 1776, Baltimore, MD 21203
M arch 1, 2016 - November 30,2017
SOUTHERN FINANCIAL LLC
Messages (continued)
credited to your brokerage account. Please seethe money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Ftirsuant to SEC Rule 10b-10(b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Federal Deposit Insurance Corporation (FDIC)-Insured Bank Deposits are not protected by Securities Investor Protection Corporal ion(S1PC).
For disclosure of rates for DW S money market funds, please visit the DW S Investments website at httpsi / www.dws-investments.com/ tad! products/ money-market-funds-yields.jsp
Please note that all money market funds listed on the website may not be offered through us.
PA UNICIPALSECURITIESFCULEM AKING BOARDS(M SRB®)
INVESTOR EDUCATION ANO PROTECTION
An investor brochure that describes the protections available under PA SRB rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on
the PA SRB website, msrborg.
Pershing LLC is registered with the Securities end Exchange Commission (SEC), PA SRB, FIN RA, and NYSE
A Ct iv it y Summary (All amounts shown arern base currency)
Credits Ibis Period Debits ThisPeried Net IbisPeried Qedits Year-le-Date Debits Yeariciaite Net Year-to-Date
Securities
Scarifies Deposited 17,588,000.00 0.00 11,588,000.00 17,586,000.00 0.00 17,588,000.00
Total Securities $17,588,000.00 $0.00 $17,588,000.00 $17,588,000.00 $0.00 $17,588,000.00
Dividends and Interest $63,000.00 $0.00 $63,000.00 $83,000.00 $0.00 $83,000.00
FDIC Insured Bank Deposits $0.00 483,000.00 $63,000.00 $0.00 463,000.00 463,000.00
Totals $17,851,000.00 483,000.00 $17,588,000.00 $17,851,000.00 463,000.00 $17,588,000.00
Transactions by Typeof Activity
Process
Seillemeni
Dale Perkily Type Decaiption Quantity Price Noosed lidera Amount CURI OW
SecuritiesWithdrawals and Deposits
11109/17 CUSTOMERAUTHORIZED APPLE INCCOM TRANSFRM N46.023804 100.000.000 17,588,000.00 USD
TRANSFER
AAR
Total Securities Withdrawals and Deposits - U.S. DOLLARS 0.00 17,588,000.00
Page 5 of B
ON18
Rated Cictaint Clearing throw* PiningI lt.• Sally owned
AO 099437CSF300 Every VW Since 2007 subothary WT,e aria New York Mellon
C FIDO. AL- DALBAR E N RA C t ED COMMAICATIMS e P s e p rs o h n a t s im lIC i ( . S in W er M rte a F w I ) II RAVS2Cat 00049834
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012658
EFTA_00160443
EFTA01291914

Transactions by Type of Activity (continued)
kocess
Settlement
Dote Acihray Type Description Quantity Price Sculled Wane Amount Currency
Dividends and Interest
11116117 CASH DIVIDEND RECEIVED 1)0000 SHRSAPPLEINC COM RD riIIPO tr6/17 63,000.00 USD
AAPL
Total Dividends and Interest - U.S. DOLLARS 0.00 63.000.00
FDIC Insured Bank Deposits
11/1707 FDIC INSURED BANK DEPOSIT INSUREC DEPOSITSPROGRAM -03.000.00 USD
UIII900911
Total FDIC Insured Bank Deposits-U.S. DOLLARS 0.00 63,000.00
Total Value of Transactions 0.00 17,588,000.00 USD
The price and quantity displayed may have been rounded.
Client Service Information
Your Investment Spider*: EMI Contact rolomilon
JOSHUA SHOSHAN Telephone Number
NEW YORK NY:13017
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for Mutual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Page 6 of 8
ONtE4
Rated (wart Owing tlwonsh PentingI IC.• wholly owned
A00994 37CSF30 0 Every Vex Since 2007 subsidiary time Santa New York Melon
C FIDO. AL- DALBAR RAIEDCOMMUNCATIONS Colnatkie Mr Melon)
EXCIAL INC( Pen/v.4C. rittertee filiillatikkaGM_ 00049835
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0012659
EFTA_00160444
EFTA01291915

15I
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M arch 1,2016 - November 30,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (I) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders:the assessment of the suitability of those transactions, where applicable: the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO) Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit. www pershing corn/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows Pershing LLC. Legal Department.
One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413.3330. Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class w ith respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified, or
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Important Information and Disclosures (continued)
Important Arbitration Agreement (continued)
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330.
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