CLIENT ALLEGES THAT THE FINANCIAL ADVISOR BOUGHT MORE OPTION CONTRACTS THAN THE CLIENT REQUESTED RESULTING IN A LOSS FOR THE CLIENT.

$70,000.00

$34,500.00

IN THE ABSENCE OF THE FINANCIAL ADVISOR, I (AS BRANCH MANAGER) PLACED AN ORDER FOR A CLIENT WITH MANY YEARS OF OPTIONS TRADING EXPERIENCE. AFTER GOLDMAN SACHS ANNOUNCED HEDGE FUND ISSUES DUE TO THE SUB PRIME SITUATION AND THE STOCK FELL SUBSTANTIALLY, CLIENT NOW STATES HE HAD PLACED A SMALLER ORDEIN THE ABSENCE OF THE FINANCIAL ADVISOR, I (AS BRANCH MANGER)PLACED AN ORDER FOR A LONG STANDING CLIENT WITH MANY YEARS OF OPTIONS TRADING EXPERIENCE. IN THE SUBSEQUENT WEEKS, AFTER GOLDMAN SACHS ANNOUNCED HEDGE FUND ISSUES DUE TO THE SUB PRIME SITUATION, THE STOCK FELL SUBSTANTIALLY. CLIENT NOW STATES THAT HE HAD PLACE A SMALLER ORDER. CLIENT PAID $35,500 TOWARD HIS CLAIM OF $70,000. R.