1/29/10-2/3/10:THE CLIENT'S DAUGHTER STATES THAT UPON THE DEATH OF HER FATHER THE FA ADVISED THE THE CLIENT (THE COMPLAINTANT'S MOTHER) TO REPOSITION ASSETS TO BALANCED TOWARD INCOME FOR THE IRA AND BALANCED TOWARD GROWTH FOR THE SINGLE ACCOUNT. THE DAUGHTER IS UNHAPPY THAT WHEN THE TRADES WERE FINALIZED THE STOCK THEIR FATHER HAD PURCHASED AND WATCHED FOR 30 YEARS HAD BEEN LIQUIDATED. THE DAUGHTER FEELS THIS IS DISRESPECTFULL TO HER FATHER AND FEELS THAT THE CLIENT WAS NOT IN THE STATE OF MIND TO MAKE FINAL DECISIONS. THE DAUGHER FEELS THE FA TOOK ADVANTAGE OF THE CLIENT AND HAS ASKED FOR $15,500 TO BE REIMBURSED WHICH THEY FEEL IS MOSTLY COMMISSIONS.

$15,500.00

THE FINANCIAL ADVISOR STATED THAT HE AND THE CLIENT TALKED ABOUT BALANCING THE ACCOUNTS MORE TOWARD CONSERVATIVE INVESTMENTS AND THAT THE EXPOSURE TO INDIVIDUAL STOCKS SHOULD BE LESSENED. THE CLIENT AGREED AND THE FINANCIAL ADVISOR STATED THAT THE REBALANCING OF THE ACCOUNT TOOK PLACE WITH THE KNOWLEDGE AND AUTHORIZATION OF THE CLIENT. THE FINANCIAL ADVISOR BELIEVED THAT THE ACCOUNTS WERE INVESTED APPROPRIATELY FOR THE CLIENT'S AGE AND RISK TOLERANCE. THE FINANCIAL ADVISOR STATED THAT COMMISSIONS FOR EACH LIQUIDATION WERE DISCLOSED AND DISCUSSED. THE PORTFOLIO APPEARS TO BE WELL BALANCED AND ALIGNED WITH THE ACCOUNT OBJECTIVES. THERE WILL BE NO ADJUSTMENTS MADE AT THIS TIME.