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regarding the matter be directed to Mr. Huestis rather than to
the Thompsons.
By letter dated March 17, 1986, Mr. Kersting complained to
Mr. Huestis about his "assertive approach" and said he would
continue to communicate directly with the Thompsons. By letter
dated March 17, 1986, Mr. Kersting wrote to Mr. Thompson,
confirmed that he would terminate Mr. Thompson's programs, and
inquired whether Mr. Thompson still had any stock certificates
issued in connection with his participation in Kersting programs.
Mr. Kersting's letter also states that Mr. Thompson would incur
tax liability for capital gains that would be realized upon the
termination of his accounts in the Kersting programs.
On March 21, 1986, Mr. Huestis again wrote to Mr. Kersting,
stating that the Thompsons were disappointed with Mr. Kersting's
failure to respond to their requests or to assist them with the
tax problems arising from their participation in his programs.
By letter to the Thompsons dated March 25, 1986, Mr. Kersting
confirmed that he would liquidate their investments, as discussed
with Mr. Thompson in a recent telephone conversation.
Mr. Kersting requested that Mr. Thompson endorse all relevant
stock certificates and return them to Mr. Kersting so that the
proceeds from the sale of stock represented by such certificates
could be used to retire Mr. Thompson's debts to Kersting
companies.
By letter dated March 31, 1986, Mr. Kersting wrote to
Mr. Thompson and admitted that he was having difficulty
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