EXHIBIT 4¶
Financial Advisor SERURE, THEODORE M. TELEPHONE/EMAIL (212) 272-6448 / Ted.Serure@jpmorgan.com VISIT OUR WEBSITE www.jpmorgansecurities.com¶
Month End Closing Method: FIFO¶
What’s In This Statement¶
Financial Summary…1 Transaction Detail…2 Your Messages…3¶
JEFFREY EPSTEIN ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST [REDACTED] VI 00802-1348¶
Portfolio Value¶
| THIS PERIOD | LAST PERIOD | |
|---|---|---|
| Assets | ||
| Net Credit Balance | 0.00 | 0.04 |
| Total Assets | $0.00 | $0.04 |
| NET PORTFOLIO VALUE | $0.00 | $0.04 |
Cash Flow Analysis¶
| THIS PERIOD | THIS YEAR | |
|---|---|---|
| Opening Cash/Sweep Prog. | $0.04 | $23.39 |
| Securities Sold | 0.00 | 667,028.65 |
| Div/Int/Other Inc (Credit) | 0.00 | 11.83 |
| Amount Credited | $0.00 | $667,040.48 |
| Securities Bought | 0.00 | -8.38 |
| Miscellaneous (Debit) | -0.04 | -0.04 |
| Funds Paid/Delivered | 0.00 | -667,055.45 |
| Amount Debited | $-0.04 | $-667,063.87 |
| Net Cash/Sweep Prog. Act. | -0.04 | -23.39 |
| Closing Cash/Sweep Prog. | $0.00 | $0.00 |
Please report any difference or non-receipt of checks, card cocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at J.P. [REDACTED] Clearing Corp. Three Chase Metrotech Center, Brooklyn, N.Y. 11245-0001¶
This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for your records. See reverse side for important information.¶
JPM-SDNYLIT-00098108¶
2 of 6¶
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
|---|---|---|
| Dividends | 0.00 | 3.45 |
| Total | $0.00 | $3.45 |
Transaction Detail¶
MISCELLANEOUS¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 03/20/14 | JOURNAL | TO ADJ BALANCE | 0.04 | |
| TOTAL MISCELLANEOUS (DEBIT) | $-0.04 |
These Chase Metrotech Center¶
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Your messages¶
Important Information For Clients Holding Restricted Securities: Restricted Securities (typically noted as “Restricted” or “RSTD” in the security description) have not been registered under the Securities Act of 1933 and may not be “freely traded.” Since restricted securities are subject to certain restrictions which may render them illiquid or less liquid than freely-tradeable shares, there can be no assurance a secondary market exists. While we typically use the value of the registered/unrestricted security of the same issuer and same class for statement (and other) reporting purposes, the price realizable in a sale of the securities may be less than the “Market Value” indicated and could be zero. No attempt has been made to independently value the specific security subject to its restriction. Additionally, inclusion of pricing of these holdings will result in the aggregated value of your portfolio as reflected on this report being overstated by an amount equal to the difference (if any) between the value of the freely-traded underlying security and the actual value of your restricted shares. For additional information on pricing, please see “Market Prices” on the back of your account statement.¶
Upon request, your Advisor will deliver to you the most current Form ADV Part II for any of your money managers, your Advisor or applicable JPMCC Managed Account EDGE program brochure. If any changes have occurred to your financial situation, investment goals or objectives, risk parameters or time horizon, or you otherwise wish to impose or modify any restrictions on the management of your account, please contact your Advisor.¶
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Your messages (continued)¶
J.P. [REDACTED] Securities LLC’s (JPMS LLC) and J.P. [REDACTED] Clearing Corp.’s (JPMCC) Net Capital and Net Capital Requirements¶
At December 31, 2013, JPMS LLC’s net capital of $12.8 billion exceeded the minimum regulatory net capital requirement of $2.0 billion by $10.8 billion. JPMCC’s net capital of $7.1 billion was approximately 7.6% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $1.8 billion by $5.3 billion.¶
Complete copies of JPMS LLC’s and JPMCC’s individual unaudited Statement of Financial Condition may be obtained, at no cost, by accessing:¶
http://investor.shareholder.com/jpmorganchase/financial-condition.cfm¶
Additionally, you may call 1-866-576-1300 to request a hard copy of the statement.¶
Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements. Accordingly, investors should not rely on pricing information appearing in their statements with respect to ARS. Where J.P. [REDACTED] Clearing Corp. was unable to obtain a price from an outside service for a particular ARS, the price column on your statement will indicate “unpriced.”¶
You are advised to promptly report any inaccuracy or discrepancy in your account to your Financial Advisor and J.P. [REDACTED] Clearing Corp. (“JPMCC”) at the telephone numbers listed on this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act (“SIPA”), any such communications should be reconfirmed in writing to your Financial Advisor and JPMCC at the addresses which appear on the front of this statement.¶
The MIAX Options announced an ORF rate increase effective Trade Date April 01, 2014, from $0.0040 to $0.0045 per contract. Please contact your Financial Advisor or Client Service Representative with any questions regarding these fees.¶
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Your messages (continued)¶
If this account is held by a “municipal entity” or “obligated person”, as defined in Section 15B of the Securities Exchange Act and under Securities and Exchange Commission rules (collectively the “Municipal Advisor Rule”), please contact your Financial Advisor. Such clients may be restricted from receiving advice unless certain conditions are met. Unless notified otherwise, J.P. [REDACTED] Securities will assume that this account is not held by a municipal entity or obligated person, or that if it is, the account will not hold “proceeds of municipal securities” or “municipal escrow investments”, as defined in the Municipal Advisor Rule.¶
***** End of Statement *****¶
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GUIDE TO YOUR STATEMENT¶
Your distributor may contact the flowing sections¶
Your Portfolio at a Store: Reflects the net equity of your account at the base of the distributor’s period. The net equity of your last distributor and any change since the last distributor. Sweep Program Balance represents money market fund shares or bank deposit balances (see described in the prospectus or bank deposit program description) presented from the “Sweep” of available credit balances in your account. Sweep Program Balances may be legislated on your order and the proceeds relunched to your securities account or reinited to you.¶
Market Value of Your Portfolio: A graph reflecting the change in the market value of your account purchased from the market value reflected on your last distributor (Cash and Money Market Funds, Equities, Mutual Funds, Fixed Income, Other).¶
Cash Flow Analysis: Show your opening and closing outflowing program representations. Flow Analysis reflects the contextual of activity. Opening Balance is the shot or date curred over then the previous period closing balance. Closing balance is the continuation of the total debts and credits for the distributor period together with the opening balance. A date balance (money you done us) is indicated by a minus sign in these sections.¶
Income Survey: Reflects the total dividend, interest and other income amount for the distributor period and year to date. Any loss without record interest and miscellaneous charges are indicated here if registration is not current.¶
Distribution Survey: Reflects returns on capital, legislation, and other financial income period and current year.¶
Retirement Plan: Reflects the contributions received and distributions pertaining to the distributor period as well as for the previous year.¶
Your Portfolio Allocation: A git short defining your asset allocations from all other money market funds, Equities, Mutual Funds, Fixed Income, Other).¶
Portfolio Value: Reflects a summary of cash and money market funds, Equities, Mutual Funds, and fixed income for the distributor period.¶
Bonds with 60- Day Horizon: Reflects bonds that will mature or are suggest to redemption when the next 60 days.¶
Your Portfolio Holdings: Reflects cash and money market funds and the allocations of your account. Accrued interest represents interest earned but not yet paid or collected on fixed income securities since the last coupon date. There is no guarantee that the interest will be paid by the insurer. For DVPROV accounts, the Your Portfolio Holdings section reflects unreflected transactions.¶
Estimated Yield (“EY”) and Estimated Annual Income (“EAI”): Estimated annual income is calculated by multiplying each year and purchase rate or an estimated annual dividend (generally calculated by annualizing the most regent regular cash dividends) by the quality of the security held. For balances other than sweep program balances, Estimated Yield is calculated by dividing Estimated Annual Income by the market value of the security. These figures are estimates based on mathematical calculations using data obtained from outside sources. Because prices of securities, coupon and dividend rates are suggest to change at any time, these estimates should not be relied upon exclusively for making investment, trading or loss decisions. Because different asset types (e.g., equities various fixed income securities) tend to have different investment characteristics, these estimates should not be compared across asset types. These calculations are for informational purposes only and are not a projection or guarantee of future returns. Additionally, please note that EAI and EY for certain types of Securities might include Return of Principal or Capital Gains. Please contact your account executive if you desire additional information.¶
Market Prices: The market value of your holdings are as of the last business day of the distributor’s period. Prices for determining market value represent estimates. The market value of your multiple sources, including J.P. Clearing Corp. (together with its affiliates “J-PMCC”), and Commerce Services.¶
Pricing estimates may be based on bids, prices within the bid offer spread, closing prices or metric methodology. That uses data relating to other securities whose prices are more acceptable to produce a hypothetical price based on the estimated yield spread relationship between the securities. Pricing estimates do not constitute bids for any securities. Actual prices realized at take may be more or less than those shown on your distributor. Unpriced Direct Participation Program (DPP) and Post Castle Investment (PEIT) Securities. DPP and PEIT securities are generally liquid and the value of the security will, generally, be different from its purchase price. Accurate valuation information is not available. The total cost basis for each security position and the unreliable gain/loss are provided actually as a general indication of performance and should not be used for loss purposes or otherwise related upon without the assistance of your loss advisor. With respect to security positions associated with your account, cost basis information, if any, is provided by you. Cost basis information relating to securities consisting of more than hereby listed (purchases and re-investments) is disclosed in the appendix as pre-short term and one long term list in Further information is available from your broker. Cost basis information has been provided by you or by a third party to your behalf, and not by J-PMCC. Cost basis information relating to your mutual funds holdings, segments of the number of the tale, is disclosed in the appendix as one short term list in and one long term list in Further information is available from your broker.¶
The original cost basis of this position has been adjusted to reflect international or accessible.¶
Unless you have elected a different closing methodology, as noted on the front, or identified a specific list in the trade description, all trades are closed out under the “FINC” (first in First OUT) methodology. For Regulated Investment Corporations or Dividend Reimbursement Plan sales, for which the average price method has been chosen, positions are closed out on a FINC basis.¶
Third Party Information: This statement contains (i) information obtained from multiple direct, indirect, affiliated, unaffiliated, public and proprietary data sources including, but not limited to identifying information, market data, calculated data, reference data, valuations, returns, coupon and dividend rates and other fundamental data; and (ii) information which is calculated based upon such information (including but not limited to, market values, Current Yield and Estimated Annual Income). Although J-PMCC believes these sources and the sources of market value are reliable, it does not independently review or verify such information and neither J-PMCC nor any source will have any duty or obligation to verify any correct complete or update any such information. Such information is being provided to you with all truth for use entirely at your own risk, without any warranty whatsoever by J-PMCC, to affiliated or any such source. Neither J-PMCC or its affiliates or any such source shall have any liability whatsoever relating to any inconcurrency or lack of trustwiseness or complementarity of such information or any use thereof or for one asset therefrom not for any lost profits, indent, special or consequential damages. Moreover, such sources may exclusive proprietary rights in such information. You may use such information only for your internal use and purposes and not for results (other than in correction with the transaction or position for which the information is provided) or interinvestment without prior authorization of the source, or for any unlimited or unauthorized purpose.¶
Transaction Detail: Reflects all transactions setting or proceeded for your account first distributor period.¶
Trades Executed But Not Yet Settled: This section will reflect any trades not yet settled for the distributor’s basing date. The settlement date is indicated in the first column.¶
INFORTAINT NOTES: Creditors include dividends attached to your account may include capital gains, re-invested charges and/or charges on broker. You may wish to consult your loss advisor with regard to the liability on these dividend charges.¶
Methods of Computing Interest on Debt Balances: In the case of a debt balance the debt balance is made up of a net debt balance in your overall account. The calculation is made on a 300-day basis of the rate or rates shown on the distributor. Interest rates may be calculated from time to time with flocking money market rates or for other reasons.¶
Customer fee credit balances may be used in this firm’s business subject to the limitation of TCCPR Section 240 (5-6-3) under the Securities Exchange Act of 1954. You have the right to receive from us in the course of normal business operation, upon demand, the delivery of any fully-paid securities to which you are entitled.¶
If this is a margin account and we maintain a special memorandum account for you, this is a combined statement of your general account and special memorandum account managed for you under Section 2036 of Regulation 1 issued by the Board of Covenants of the Federal Revenue System. The permanent record of this separate account, as required by Regulation T, is available for your inspection.¶
For Option Accounts: Further information with respect to commissions and other charges related to the gain/loss of lated options transactions has been included on conformation of such transactions previously furnished to you and such information will be made available to you promptly upon written request.¶
Beaver Bonds: If any securities held by us for your account are beaver obligations which have been issued since December 31, 1982 with original maturities of more than one year, we agree that we will gather the conditions at fourth in addition to (i) (ii) and (iii) of Treasury Regulation Section 1.105-(2) (c) (3) and cover that we will continue to do the requirements of Treasury Regulation Section 1.105-(2)(c) (1) (i) concerning the delivery of such beaver obligations.¶
Financial Statement: A financial statement of our firm is available for your personal inspection at our office, or a copy will be mailed to you upon written request.¶
Casualty: Whether we are your broker or act as a dearing agent for your broker, we carry your account and act as your calculator for funds and securities, once received by us, which have been deposited directly with us through your broker or otherwise or as a result of transactions we proceed for your account. Inquiries regarding your Statement may be directed to J-PMCC at 347-643-9953. If your account is infloated by another broker, all other requests regarding your account and the activity therein should be directed to such broker.¶
Reportable to the Internal Revenue Service: As required by law, at your end, we will report to you and to the Internal Revenue Service and to certain states, certain information on sales (including short sales), dividends and various types of interest that have been credited to your account.¶
Statement Frequency: Statements will be mailed to customers whose account has activity during the distributor period offering money balances and/or security positions. Delivery Venues Payment customers whose account has activity will receive statements on a quarterly basis that will reflect all activity during the quarter. All other customers will be sent statements at l¶
Financial Advisor SERURE, THEODORE M. TELEPHONE/EMAIL (212) 272-6448 / Ted.Serure@jpmorgan.com VISIT OUR WEBSITE www.jpmorgansecurities.com¶
Month End Closing Method: FIFO¶
January 1 - January 31, 2014¶
LAST STATEMENT December 31, 2013¶
What’s In This Statement¶
Financial Summary…3 Your Portfolio Holdings…4 Transaction Detail…4 Your Messages…6¶
JEFFREY EPSTEIN ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST [REDACTED] VI 00802-1348¶
Your Portfolio at a Glance¶
| NET EQUITY THIS PERIOD | $0 |
|---|---|
| NET EQUITY LAST STATEMENT | 667,043 |
| CHANGE SINCE LAST STATEMENT | -667,043 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Market Value of Your Portfolio¶
Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at J.P. [REDACTED] Clearing Corp. Three Chase Metrotech Center, Brooklyn, N.Y. 11245-0001¶
JPM-SDNYLIT-00098114¶
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GUIDE TO YOUR STATEMENT¶
Your distributor may contact the following sections:¶
Your Portfolio at a Store: Reflects the net equity of your account at the base of the distributor’s period. The net equity of your last distributor and any change since the last distributor. Sweep Program Balance represents money market fund shares or bank deposit balances (see described in the prospectus or bank deposit program description) presented from the “Sweep” of available credit balances in your account. Sweep Program Balances may be legislated on your order and the proceeds relunched to your securities account or reinited to you.¶
Market Value of Your Portfolio: A graph reflecting the change in the market value of your account purchased from the market value reflected on your last distributor (Cash and Money Market Funds, Equities, Mutual Funds, Fixed Income, Other).¶
Cash Flow Analysis: Show your opening and closing outflowing program representations. Flow Analysis reflects the contextual of activity. Opening Balance is the credit or debit current over then the previous period closing balance. Closing balance is the contention of the total debits and credits for the distributor period together with the opening balance. A debit balance (money you done us) is indicated by a minus sign in these sections.¶
Income Survey: Reflects the total dividend, interest and other income amount for the distributor period and year to date. Any loss without recovery interest and miscalculated charges are indicated here if registration is not current.¶
Distribution Survey: Reflects returns on capital, legislation, and other financial income period and current year.¶
Retirement Plan: Reflects the contributions received and distributions pertaining to the distributor period as well as for the previous year.¶
Your Portfolio Allocation: A git short defining your asset allocations from all other money market funds, Equities, Mutual Funds, Fixed Income, Other).¶
Portfolio Value: Reflects a summary of cash and money market funds, Equities, Mutual Funds, and fixed income for the distributor period.¶
Bonds with 60- Day Horizon: Reflects bonds that will mature or are suggest to redemption when the next 60 days.¶
Your Portfolio Holdings: Reflects cash and money market funds and the allocations of your account. Account interest represents interest earned but not yet paid or collected on fixed income securities since the last coupon date. There is no guarantee that the interest will be paid by the insurer. For DVPROP accounts, the Your Portfolio Holdings section reflects unreflected transactions.¶
Estimated Yield (“EY” and Estimated Annual Income (“EAI”): Estimated annual income is calculated by multiplying each year and purchase rate or an estimated annual dividend (generally calculated by annualizing the most regent regular cash dividends) by the quality of the security held. For balances other than sweep program balances, Estimated Yield is calculated by dividing Estimated Annual Income by the market value of the security. These figures are estimates based on mathematical calculations using data obtained from outside sources. Because prices of securities, coupon and dividend rates are suggest to change at any time, these estimates should not be relied upon exclusively for making investment, trading or loss decisions. Because different asset types (e.g., equities various fixed income securities) tend to have different investment characteristics, these estimates should not be compared across asset types. These calculations are for informational purposes only and are not a projection or guarantee of future returns. Additionally, please note that EAI and EY for certain types of Securities might include Return of Principal or Capital Gains. Please contact your account executive if you desire additional information.¶
Market Prices: The market value of your holdings are as of the last business day of the distributor’s period. Prices for determining market value represent estimates. The market value of your multiple sources, including J.P. [REDACTED] Clearing Corp. (together with its affiliates “J-PMCC”), and [REDACTED] services.¶
Pricing estimates may be based on bids, prices within the bid offer spread, closing price or metric methodology. That uses data relating to other securities whose prices are more acceptable to produce a hypothetical price based on the estimated yield spread relationship between the securities. Pricing estimates do not constitute bids for any securities. Actual prices realized at take may be more or less than those shown on your distributor. Unpriced Direct Participation Program (DPP) and Post Castle Investment (PEIT) Securities. DPP and PEIT securities are generally liquid and the value of the security will, generally, be different from its purchase price. Accurate valuation information is not available for the total cost basis for each security position and the unrelated gain/loss are provided actually as a general indication of performance and should not be used for loss purposes or difference rated upon without the availance of your loss advice. With respect to security positions received into your account, cost basis information. If any, has been provided by you, Cost basis information relating to securities positions consisting of more than herein lists (purchases and re-investments) is disclosed in the taggedge as one short term and one long term list. Further information is available from your broker. Cost basis information has [REDACTED] provided by or by a third party on your behalf, and not by J-PMCC. Cost [REDACTED] information relating to your mutual funds holdings, regardless of the content of the table, is disclosed in the taggedge as one short term list and one long term list. Further information is available from your broker.¶
§ The original cost basis of this position has been adjusted to reflect international or accessible.¶
Unless you have elected a different closing methodology, as noted on the front, or identified a specific list in the trade description, all trades are closed out under the “FINC” (first in First OUT) methodology. For Regulated Investment Corporations or Dividend Reimbursement Plan sales, for which the average price method has been chosen, positions are closed out on a FINC basis.¶
Third Party Information: This distributor customer (i) information obtained from multiple direct, indirect, affiliated, unaffiliated, public and proprietary data sources including, but not limited to identifying information, market data, calculated data, reference data, valuations, returns, coupon and dividend rates and other fundamental data; and (ii) information which is calculated based upon such information (including but not limited to, market values, Current Yield and Estimated Annual Income). Although J-PMCC believes these sources and the sources of market value are reliable, it does not independently review or verify such information and neither J-PMCC nor any source will have any duty or obligation to verify correct complete or update any such information. Such information is being provided to you with all truth for use entirely at your own risk, without any warranty whatsoever by J-PMCC, to affiliated or any such source. Neither J-PMCC or its affiliates or any such source shall have any liability whatsoever relating to any inconsistency or lack of trustwiseness or complementarity of such information or any use thereof or for one source therefrom not for any lost profits, indent, special or consequential damages. Moreover, such sources may exclusive proprietary rights in such information. You may use such information only for your internal use and purposes and not for results (other than in correction with the transaction or position for which the information is provided) or interinvestment without prior authorization of the source, or for any unlikely or unauthorized purpose.¶
Transaction Detail: Reflects all transactions setting or proceeded for your account first distributor period.¶
Trades Executed But Not Yet Settled: This section will reflect any trades not yet settled for the distributor’s closing date. The settlement date is indicated in the first column.¶
INFORTAINT NOTES: Describe income transactions credited to your account may include capital gains, re-invested charges and/or charges on broker. [REDACTED] You may wish to consult your loss advice with regard to the liability on these dividend credits.¶
Methods of Computing Interest on Debit Balances: Includes the methods to see day that there is a net debit balance in your overall account. The calculation is made on a 300-day basis of the rate or rates shown on the distributor. Interest rates may be computed from time to time with fluctuating money market rates or for other reasons.¶
Customer fixed credit balances may be used in this firm’s business subject to the limitation of TCCPR Section 240 (5-6-3) under the Securities Exchange Act of 1954. You have the right to receive from us in the course of normal business operation, upon demand, the delivery of any fixed credit balances to which you are entitled.¶
If this is a margin account and we maintain a special memorandum account for you, this is a combined statement of your general account and special memorandum account managed for you under Section 2036 of Regulation 1. Issued by the Board of Covenants of the Pedestal Reserve System. The permanent record of this separate account, as required by Regulation T, is available for your inspection.¶
For Option Accounts: Further information with respect to commissions and other charges related to the gain/loss of lated options transactions has been included on conformation of such transactions previously furnished to you and such information will be made available to you promptly upon written request.¶
Beaver Bonds: If any securities held by us for your account are beaver obligations which have been issued since December 31, 1982 with original maturities of more than one year, we agree that we will gather the conditions set forth in subdivisions (i), (ii) and (iii) of Treasury Regulation Section 1.105-(2) (c) (3) and covenant that we shall continge with the requirements of Treasury Regulation Section 1.105-(2)(c) (1) (ii) concerning the delivery of such beaver obligations.¶
Financial Statement: A financial statement of our firm is available for your personal inspection at our office, or a copy will be mailed to you upon written request.¶
Casualty: Whether we are your broker or act as a deering agent for your broker, we carry your account and act as your calculator for funds and securities, once received by us, which have been deposited directly with us through your broker or otherwise or as a result of transactions we proceed for your account. Inquiries regarding your Statement may be directed to J-PMCC at 347-643-9953. If your account is reflected by another broker, all other requests regarding your account and the activity therein should be directed to such broker.¶
Reportable to the Internal Revenue Service: As required by law, at your end, we will report to you and to the Internal Revenue Service and to certain states, certain information on sales (including short sales), dividends and various types of interest that have been credited to your account.¶
Statement Frequency: Statements will be readied to customers whose account has activity during the statement period offering money balances and/or security positions. Delivery Venues Payment customers whose account has activity will receive statements on a quarterly basis that will reflect all activity during the quarter. All¶