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esb1015

07/03/14 9:43 AM

#4479 RE: Alpha Investor #4477

To get more granular on this topic. ARGI is an RIA that discretionarily manages it's clients assets. The most likely scenario is that a client of ARGI (which they have at least 600 of) requested they purchase these shares in their account for them. I doubt this was an "investment committee" level decision by the firm. Either way they need to report the holdings to the SEC. This really is a non issue.