EFTA00853022.txt

"From: jeffrey E. [email protected] To: Lawrence H. Summers Subject: Re: Dodd frank"

"On Mon, Jun 29, 2015 at 12:12 PM, Lawrence H. Summers wrote: Ok. But i don't decide anything so don't see problem."

"consulting agreement (signed in 2011) between you and D. E. Shaw"

"we also discussed with our CCO, Nathan Thomas"

"confirm the scope of your activities for D. E. Shaw. We determined... I will get you our proposed amendments next week when I return to the office."

"trade-related ideas and suggestions are researched by the Macro team and the ultimate decision... is made by Max, Daniel, or another member of the tea"

"To: Michalow, Daniel Subject: Dodd frank Am I an investment advisor? What did u learn?"

"first , get your own lawyers to look at it. as i read it the document says investing advice , I think the argument that the document does not control "