During a routine review of customer accounts, you notice that one of the firm's clients liquidated her holdings in the Acme Blue-Chip Growth Fund and the Acme Capital Fund for Growth. The entire proceeds were invested into three different growth funds distributed by the Beta Group. Your greatest concern with this account would be:_________.
A) switchingB) breakpoint sales
C) same-day substitutions
D) political risk

Switching is a type of fund or investment diversification wherein an investor moves or transfers his investments between different investment or fund management schemes. An investor first has to liquidate his investments from one portfolio before switching to another one.

I would be concerned because of the supervisory authorities involved and because my customer may be incurring the associated additional high sales and tax costs that comes with switching