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Subject:  Broker issue Date:  4/1/2013  1:04 PM
Author:  SaraW946 Number:  71619 of 80388

About a year ago I decided to open supplemental retirement plans in the US since I now live here. On the advice of a couple of friends, I opened a Traditional IRA account with a broker/financial advisor who works for a big investment firm that shall remain unnamed. Because I didn't know how good she was, or if indeed this would be a good idea at all, I only let her open and manage my IRA and no other account which disappointed her. I became very uneasy because:

1) She bought two funds that seemed to be continuously losing. At some point I was losing more than 10% even though the stock market had gone up. The funds in question were Franklin Growth Class A (FKGRX) and Franklin Rising Dividends Class A (FRDPX).

2) She only called me once a year, although she had said she would call every three months. She said she liked those two funds because we were in a financial crisis and people buy utilities. I