No! I hate it when a store sells someone these types without informing them first.
First off; species. This is Dendronephthya hemprichi, a non photosynthetic soft coral originating from reef slopes and under ledges in turbid, nutrient rich water. They are stunning, but for most aquarists they simply can't be kept. But, since you have it you owe it the best that you can do to keep it alive so get out your phytoplankton and other small particle coral foods. Make sure it's in good flow to maximize food contact with polyps. They also prefer to be mounted perpendicular to rockwork or even inverted/upside down. Most importantly you need to feed it often, and I mean pretty much constantly, or else it will deteriorate very quickly. Yes, that much food in the water will mean you have to watch water quality closely but your other corals will thank you for it too. Whoever you bought it from, should probably be told their requirements and to not import them in the future. Keep us posted on how it's doing.