CPAs involved in financial planning or investment management for clients are very well aware that clients can react emotionally at times. The CPA is often placed in the position of trying to keep those emotions in check so they don't creep into a client's decisions with adverse effects.

I would expect many clients are getting rather emotional about mutual funds. There are the double-digit percentage decreases in some holdings. But what is really fueling the fire are the numerous reports that some mutual funds allowed certain clients to profit in timing trades especially involving international funds, or that some brokers/dealers improperly benefited from putting some mutual funds on their "preferred buy" list.

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