CFP Board Expects to Expand Its Disciplinary Arm

Posted on January 14th, 2019 at 4:49 PM
CFP Board Expects to Expand Its Disciplinary Arm

From the Desk of Jim Eccleston at Eccleston Law LLC:

As a result of the Certified Planner Board of Standards, Inc’s new code of ethics and standards of behavior, the CFP Board expects to expand the number of disciplinary cases against CFP designated professionals.

On October 1st of this year, all CFPs will be required to adhere to a fiduciary standard at all times. That fiduciary duty standard would extend beyond the financial planning process.

In addition, the CFP Board plans to forge stronger relationships with state regulators. This will allow the CFP Board to have access to new investigations more quickly than ever before, in order to launch its own enforcement inquiries.  

While there still will be limitations on the CFP Board’s capabilities compared to regulatory bodies, CFP clients of Eccleston Law have noted the swiftness and intensity of the process.  

The securities attorneys at Eccleston Law can provide advice and assistance in responding to CFP Board enforcement inquiries and actions.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, cfp board, certified financial planners,

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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

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