CUSTOMER ALLEGED UNSUITABILITY AND MISREPRESENTATION IN CONNECTION WITH THE PURCHASE OF FIRST TRUST REIT. CUSTOMER ALLEGES LOSSES IN EXCESS OF $11,000.00. THESE EVENTS OCCURRED WHILE EMPLOYED BY OLDE DISCOUNT CORPORATION.

OLDE DISCOUNT CORPORATION REVIEWED THE MATTER AND DETERMINED THAT THE CUSTOMER'S CLAIMS WERE WITHOUT MERIT. NO OFFER OF PAYMENT, SETTLEMENT, OR COMPENSATION WAS MADE. THE REIT INVESTMENT WAS CONSISTENT WITH THE CUSTOMER'S OBJECTIVES. I THOROUGHLY EXPLAINED THE INVESTMENTS TO THE CUSTOMER, AND A PROSPECTUS WAS SENT, DETAILING THE RISKS AND REWARDS ASSOCIATED WITH THE INVESTMENT. MOREOVER, APPROXIMATELY THIRTEEN MONTHS PASSED BETWEEN THE DATE AND REIT WAS PURCHASED AND THE TIME THAT OLDE DISCOUNT CORPORATION RECEIVED THE CUSTOMER'S COMPLAINT LETTER.