Larry Barnes, CFP, started L.Barnes Financial Planners Inc. ten years ago. Larry proved to have great investment acumen, specializing in small cap stocks. Even though there was significant turnover in the portfolio each year, Larry's returns were quite impressive. Eventually he had a substantial amount of money under discretionary management, earning a fairly substantial income. Larry died last month, and the firm was inherited by his daughter, Laura who is also a financial planner -- Laura plans on retaining the original business name. Laura was primarily involved in general financial planning activities and most of her investment experience was dealing with the government shortterm bond market. After her father's death, Laura found his notes and software which lead him to his investment decisions, but she now feels that it will take her a good 6 - 9 months to fully master his system. Rather than exposing her (his old) clients to undue risk while she learns the system, she switches all of the managed accounts into money market investments.

Is Laura in violation of any of the Principles found in the FPSC Code? Explain, and if so, identify which violations have occurred.

Explain what is happening in this scenario and support your answers, thank you.