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EFTA01415820Set 10

2017-10-31222p30,137w

Date 31 October 2017 Initiation of Coverage Flipping the Script - Buy CP, Sell CNI Seldon Clarke, CFA Associate Analyst Amit Mehrotra Research Analyst Kenya Watson Research Associate Chris Snyder ... execution. For more details please company-specific CP and CNI sections within this note. Seldon Clarke, CFA Associate Analyst Amit Mehrotra Research Analyst Kenya Watson Research Associate Chris Snyder ... sharp decline in commodity prices, lower pricing, NAFTA, and recession. Company Canadian Pacific Seldon Clarke Associate Analyst Price at 30 Oct 2017 (USD) Price Target 52-week range Price/price relative

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01415820.pdf

EFTA01444858Set 10

help) Internal i""c., History: Sender 2j This message has been replied to. Date Seldon Clarke Fran M Wickman 09/30/2013 01:56 PM 10/01/2013 11:25 AM Jeffrey Epstein Source ... Wealth [I] Seldon Clarke to; MO CIP 09/30/2013 01:56 PM Subject 4. Jeffrey Epstein Source of Re: Jeffrey Epsteir Classification: For internal use only Jeffrey Epstein began his financial

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01444858.pdf

EFTA01253111Set 9

Current Classification: (click here for help) Internal Jeffrey Epstein Source of Wealth [I] Seldon Clarke to: MO CIP 09/30/2013 01:56 PM History. This message has been replied to. Sender ... Date Subject Seldon Clarke 09/30/2013 01:56 PM 4. Jeffrey Epstein Source of Fran M Wickman 10/01/201311:25 AM Re: Jeffrey Epsteir Classification: For internal use only Jeffrey Epstein began

https://www.justice.gov/epstein/files/DataSet%209/EFTA01253111.pdf

EFTA00165798Set 9

Classification: (click here for help) Internal W- eiN Jeffrey Epstein Source of Wealth DJ Seldon Clarke to: MO CIP 09/30/2013 0t:56 PM Flisiory. This message has been replied ... Sender Date Subject Seldon Clarke 09/30/2013 01:56 PM p Jeffrey Epstein Source of Fran M Wickman 10/01/2013 11:25 AM Re: Jeffrey Epsteir Classification: For internal use only Jeffrey

https://www.justice.gov/epstein/files/DataSet%209/EFTA00165798.pdf

EFTA01344006Set 10

2013-10-011p172w

From: Amanda Kirby Sent: 10/1/2013 1:45:45 PM To: Lisa D Hurd CC: Seldon Clarke [1 :1; Vahe Stepanian[ Subject: Re: ACAT form needed [II Attachments: ST Full ACAT.pdf ... moved to file: pic01396.gif) From: Lisa D Hurd To: Amanda Kirby Cc: vahe Stepanian Seldon Clarke Date: 10/01/2013 12:50 PM Subject: ACAT form needed [I] classification: For internal

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01344006.pdf

EFTA01434677Set 10

2018-02-2291p10,836w

worse than even the most bearish expectationsDeutsche Bank Securities Inc. Amit Mehrotra Research Analyst Seldon Clarke, CFA Research Analyst Kenya Watson Research Associate Chris Snyder, CFA Research Associate Key Changes ... compensation for providing a specific recommendation or view in this report. Amit Mehrotra, Seldon Clarke Equity Rating Key Buy: Based on a current 12- month view of total share-holder

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01434677.pdf

EFTA01343957Set 10

2013-09-181p184w

09/18/2013 10:52 AM Subject: Securities [attachment "Haze Trust as of 9-16-13-1.xls" deleted by seldon Clarke attachment "Southern Financial as of 9-16-13.xls" deleted by seldon Car e [attachment "Southern Trust

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01343957.pdf

EFTA01351818Set 10

2013-09-122p158w

From: Vahe Stepanian Date: Thu, 12 Sep 2013 17:38:18 -0400 To: Seldon Clarke < Classification: For internal use only Thanks again for your help Seldon. Forwarded by Vahe Stepanian/db/dbcom

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01351818.pdf

EFTA01350679Set 10

2013-09-183p271w

Subject: Re: Fw: Securities [I] From: Kevin Quinn Date: Wed, 18 Sep 2 To: Seldon Clarke Cc: Amanda Kirby ‹ > Classification: For internal use only Amanda, Can you help Seldon with

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01350679.pdf

EFTA01350677Set 10

2013-09-182p226w

Subject: Re: Fw: Securities [I] From: Seldon Clarke < > Date: Wed, 18 Sep 2013 17:12:52 -0400 To: Amanda Kirby Cc: Kevin Quinn Classification: For internal use only

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01350677.pdf

EFTA01343954Set 10

2013-09-181p166w

From: Seldon Clarke Sent: 9/18/2013 5:12:52 PM To: Amanda Kirby I CC: Kevin Quinn Subject: Re: Fw: Securities (II Attachments: pic22554.gif; pic28177.gif Classification: For internal use only

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01343954.pdf

EFTA01415817Set 10

2017-11-013p623w

Avila Stewart Oldfie Vahe Stepanian Davide-A Sferrazza Liam Osullivan Hi, Paul. DB's Seldon Clarke initiated on the Canadian Railroad industry last night with a bold call to sell

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01415817.pdf

EFTA01350682Set 10

2013-09-183p283w

From: Amanda Kirby < Date: Wed, 18 Sep 2013 17:16:12 -0400 To: Seldon Clarke Cc: Kevin Quinn Classification: For internal use only Haze: Jeepers: Best, Amanda Kirby (Embedded image

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01350682.pdf

EFTA01434658Set 10

2018-02-2219p4,458w

potential new acquisition, and over-leveraging of the balance sheet. Amit Mehrotra Research Analyst Seldon Clarke, CFA Research Analyst Kenya Watson Research Associate Chris Snyder, CFA Research Associate Date

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01434658.pdf

EFTA01387112Set 10

2018-02-221p309w

compensation for providing a specific recommendation or view in this report. Amit Mehrotra, Seldon Clarke 'Equity Rating Key Equity rating dispersion arid banking relationships Buy: Based on a current

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01387112.pdf

EFTA01350693Set 10

2013-09-233p307w

From: Amanda Kirby < Date: Mon, 23 Sep 2013 16:37:04 -0400 To: Seldon Clarke Classification: For internal use only I'm going to send an end-of-day update

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01350693.pdf

EFTA01387103Set 10

2018-02-221p629w

Canadian National (CNI), while our Buy on UPS was wrong and we are using Seldon Clarke. CFA this report to downgrade our rating to Hold and lower our price target

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01387103.pdf

EFTA01387700Set 10

Mehrotra Seldon Clarke Kenya Watson Chris Snyder Go to article page XPO Logistics {Ticker. XPO.N. Closing Price: 101.68 USD, Target Price: 133.00 USD, Recommendation: Buy) We met lonl with

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01387700.pdf

EFTA01343959Set 10

2013-09-231p178w

From: Amanda Kirby Sent: 9/23/2013 4:37:04 PM To: Seldon Clarke Subject: Fw: Update [I) Attachments: pic20475.gif; pic01728.gif; pic00791.gif; picO9423.gif classification: For internal use only I'm going

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01343959.pdf

EFTA01343956Set 10

2013-09-181p127w

From: Amanda Kirby Sent: 9/18/2013 5:16:12 PM To: Seldon Clarke CC: Kevin Quinn Subject: Re: Fw: Securities DI Attachments: pic23148.gif; pic31933.gif; pic20555.gif; pic2S166.gif Classification: For internal use only

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01343956.pdf