CFP Board Censures Improper CFP Professional Conduct
Targeted News Service |
Certified Financial Planner Board of
This release contains information about disciplinary actions relating to 14 CFP(TM) professionals. Of these actions, there were 4 revocations, 4 suspensions, 3 interim suspensions and 4 letters of admonition.
The basis for each decision can be found in a Disciplinary Action Report below and on CFP Board's website. The public may check on an individual's disciplinary history and certification status with CFP Board at www.CFP.net/verify.
CFP Board's enforcement process is a critical consumer protection. CFP(TM) professionals agree to abide by CFP Board's Standards of Professional Conduct (Standards), which includes the Code of Ethics and Professional Responsibility (Code of Ethics), Rules of Conduct and Financial Planning Practice Standards (Practice Standards). The Standards set forth the ethical standards for financial planners who hold the CFP(TM) certification, who agree to act fairly and diligently when providing clients with financial planning advice and services, putting the clients' interests first.
CFP Board enforces its ethical standards by investigating incidents of alleged unethical behavior, and following the procedures established in CFP Board's Disciplinary Rules and Procedures (Disciplinary Rules). In cases where violations are found, CFP Board may impose discipline ranging from a private censure or public letter of admonition to the suspension or revocation of the right to use the CFP(TM) marks. The Disciplinary Rules set forth a fair process for investigating matters and imposing discipline where violations have been found.
The actions in this release result from final decisions of the
The Commission functions in accordance with the Disciplinary Rules and reviews all matters on a case-by-case basis, taking into account the details specific to an individual case. While CFP Board has attempted to capture the details relevant to each decision, the summary nature of these releases may omit certain details affecting the decision. Accordingly, the decisions and/or rationale described in the releases may not apply to other cases reviewed by the Commission or reflect the Commission's future interpretation or application of the Standards.
Table omitted. Click here to view: (http://www.cfp.net/news-events/news-release-archive/article/2014/06/18/cfp-board-censures-improper-cfp-professional-conduct)
LETTERS OF ADMONITION
INTERIM SUSPENSION
SUSPENSIONS
REVOCATIONS
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