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Accuracy and Responsibility

Traders Magazine, December 1998

Michael L. O'Reilly

Michael A. Tappan makes every effort to be accurate. He learned as a retail broker about the costs of mistakes, and the responsibility a money manager has to its clients.

"Being a retail broker put me in touch with the fact that I was managing money for people," Tappan said. "A broker keeps that in mind, because people trust that you'll protect their investments. If you make a mistake, you're responsible to your clients for their losses."

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