User Profile Exception Error while Creating Sample Data in SharePoint 2010 Configuration Wizard

I encountered the following error while running Configuration wizard for SharePoint 2010.

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Error in Log File:

01/09/2010 13:20:05 17 ERR An exception of type Microsoft.Office.Server.UserProfiles.UserProfileException was thrown. Additional exception information: Unrecognized attribute ‘allowInsecureTransport’. Note that attribute names are case-sensitive. (C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\WebClients\Profile\client.config line 56)

Microsoft.Office.Server.UserProfiles.UserProfileException: Unrecognized attribute ‘allowInsecureTransport’. Note that attribute names are case-sensitive. (C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\WebClients\Profile\client.config line 56) —> System.Configuration.ConfigurationErrorsException: Unrecognized attribute ‘allowInsecureTransport’. Note that attribute names are case-sensitive. (C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\WebClients\Profile\client.config line 56)

at System.Configuration.BaseConfigurationRecord.EvaluateOne(String[] keys, SectionInput input, Boolean isTrusted, FactoryRecord factoryRecord, SectionRecord sectionRecord, Object parentResult)

at System.Configuration.BaseConfigurationRecord.Evaluate(FactoryRecord factoryRecord, SectionRecord sectionRecord, Object parentResult, Boolean getLkg, Boolean getRuntimeObject, Object& result, Object& resultRuntimeObject)

at System.Configuration.BaseConfigurationRecord.GetSectionRecursive(String configKey, Boolean getLkg, Boolean checkPermission, Boolean getRuntimeObject, Boolean requestIsHere, Object& result, Object& resultRuntimeObject)

at System.Configuration.ConfigurationSectionCollection.Get(String name)

at System.ServiceModel.Configuration.ServiceModelSectionGroup.get_Client()

at Microsoft.Office.Server.UserProfiles.MossClientBase`1.GetServiceBinding(String endpointConfigurationName)

at Microsoft.Office.Server.UserProfiles.MossClientBase`1.GetChannelFactory(String endpointConfigurationName)

at Microsoft.Office.Server.UserProfiles.MossClientBase`1.get_Channel()

at Microsoft.Office.Server.UserProfiles.MossClientBase`1.ExecuteOnChannel(String operationName, CodeBlock codeBlock)

at Microsoft.Office.Server.UserProfiles.ProfilePropertyServiceClient.ExecuteOnChannel(String operationName, CodeBlock codeBlock)

— End of inner exception stack trace —

at Microsoft.Office.Server.UserProfiles.ProfilePropertyServiceClient.ExecuteOnChannel(String operationName, CodeBlock codeBlock)

at Microsoft.Office.Server.UserProfiles.ProfilePropertyServiceClient.GetProfileProperties()

at Microsoft.Office.Server.Administration.UserProfileApplicationProxy.RefreshProperties(Guid applicationID)

at Microsoft.Office.Server.Utilities.SPAsyncCache`2.GetValueNow(K key)

at Microsoft.Office.Server.Utilities.SPAsyncCache`2.GetValue(K key, Boolean asynchronous)

at Microsoft.Office.Server.Administration.UserProfileApplicationProxy.InitializePropertyCache()

at Microsoft.Office.Server.Administration.UserProfileApplicationProxy.Provision()

at Microsoft.SharePoint.PostSetupConfiguration.EvalModeProvisionTask.ProvisionServiceApplicationsAndProxies()

at Microsoft.SharePoint.PostSetupConfiguration.EvalModeProvisionTask.Run()

at Microsoft.SharePoint.PostSetupConfiguration.TaskThread.ExecuteTask()