Free Declaration - District Court of Arizona - Arizona

EXHIBIT T
Case 2:03-cv-02323-JWS Document 115-21 Filed O7/26/2007 Page 1 013

__ Stefanie Holloway · " . _ °
From: Jay Marran A"
Sent: Thursday, March 07, 2002 7:25 AM '
_! To: · Grant Seeger; Bill Kenyon; Nicole McDermott; Stefanie Gloria ° -
Subject: FW: Security Trust's trading w/ Federated .
Federated has indicated that any non—retirement Fund/SERV trade records should no Qcrzger
be comminglec w/DCC&S trade records. They have also stated that they do not wan:
frequent tracing. I ' Q;.
————— Original Message ————— ._ {
From: Oliver, Marcia [mailto:[email protected]] ~
Sent: Wednesday, March 06, 2002 3:34 PM r .
To: '[email protected]' _
Subject: FW: Security_Trust's trading w/ Federated _
Jay .... this came back to me today. I had typed your address incorrectly. -
Please call if you have questions. Thank you. . - .· V _ "
> ————— Original Message -———— ‘ . .
} From: Oliver, Marcia -·— · " ‘ . ·
> Sent: Tuesday, March 05, 2002 4:56 PM _ V
> To: '[email protected]' __ °
> Cc: Alexander, Judy L. . u ·•*· "‘
> Subject: Security Trust's trading w/ Federated
> , _ V
> Jay .... this is a follow—up to our phone conversation last Friday ‘
> concerning your Private Client accounts. As discussed, we ahave 2 _ j
> concerns: ‘ ‘ _ _
‘
·· 1. Recent activity in three of your clients accounts indicates that they
._./> are engaged in market timing. Federated discourages this tum of trading .
>. and, consequently, we placed a Stop Purchase on the following accounts ·
_ > effective 3/3/02: ‘ . · - _ · ` ·
·_ >__i3ianci Omni Accounts ` . ` _
> Frazze Omni Accounts ‘ ` _
> Daisy Omni Accounts . A V
>_2. In addition, you have confirmed that these trades are not -401tk) _ g ·
> participant driven, but they are being placed via DCC&S. _ -We don"t believe _ U
> this is appropriate. It is our understandj.ng_·DCC&S was designed . ‘ L_ ` - ._-_ ,
> specifically for Defined Contributio};·’trading and that norvretirement " {
_> trades should be submitted. on a separate file. . · · V . - _m?,_ Q ‘
> We appreciate your understanding assistance. . A ·_ · V . ”
V> " _ . 2- I;
> Please call me if youVhave ques-tions or further concerns. Thankyou. ·
> I · ‘ · ` ·— ‘ -- Fe
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***.1- ‘%;Pittsburgh, PA 15237-¢7000 — ·. ‘ f ` .
V l l 4 - Page 2 of 3 `
- 1 Filed 07/26/2007
- ` ·· · Case 2:03-cv-02323-JWS Document 115 2

412¥358—-2259 (phone) ‘ _ - s
`Z· 412-358-6290 (fax)
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Case 2:03-cv-02323-JWS

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