CFP Board Suspends Three Advisors

Posted on August 29th, 2022 at 1:26 PM
CFP Board Suspends Three Advisors

From the Desk of Jim Eccleston at Eccleston Law.

The Certified Financial Planner (CFP) Board of Standards has suspended three advisors from utilizing the CFP mark after two were charged with felonies and one faces civil fraud charges filed by the Securities and Exchange Commission (SEC).

The three advisors, Christopher Asher, Vincent Camarda, and Jason Cooke were effectively suspended last week, according to a statement released by the CFP Board. The matters are pending the CFP Board’s investigation. The three advisors will be prohibited from using the CFP mark and designation under the terms of their interim suspensions.

According to the CFP Board, Cooke was arrested and charged in April with five counts of felony dealing in child pornography. Asher was arrested and charged with three felony counts in May after he allegedly struck and killed a construction worker with his vehicle while under the influence of alcohol, according to the CFP Board. Finally, the SEC filed a complaint against Camarda in June pertaining to a securities offering, which generated nearly $75 million from at least 200 investors. According to the CFP Board, the SEC alleged that Camarda recommended and sold securities of an issuer without disclosing an existing conflict of interest to the investors.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law

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