CFP Board Prevents Louisiana State Legislature from Banning the Designation “Certified”

Posted on May 11th, 2018 at 2:38 PM
CFP Board Prevents Louisiana State Legislature from Banning the Designation “Certified”

From the Desk of Jim Eccleston at Eccleston Law LLC:

In an effort to preserve the designation for its planners, the Certified Financial Planner Board of Standards has successfully convinced lawmakers to amend a bill by the Louisiana State Legislature that would have banned any organization from using the title “certified” for any individual members.

According to the CFP Board, the “certified” designation is significant for its own planners because they are required to complete extensive training, competency, and experience requirements to have earned the title.

Although the CFP Board stopped this particular bill from becoming a law, other states are expected to follow Louisiana and try to enact similar legislation. Furthermore, the CFP Board will likely monitor and attempt to block any similar proposed legislation by other states.

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

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