Tagged with "CFP"

CFP Board Lifts Interim Suspension of Former UBS Advisor

Posted on September 23rd, 2022 at 1:30 PM
CFP Board Lifts Interim Suspension of Former UBS Advisor

The Certified Financial Planner Board of Standards (CFP Board) has lifted an interim suspension it had imposed against a former UBS advisor after criminal fraud charges against him were recently dismissed.

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CFP Board Releases New Ethical Guides For Financial Planners

Posted on March 18th, 2022 at 1:39 PM
CFP Board Releases New Ethical Guides For Financial Planners

The Certified Financial Planner Board of Standards (CFP Board) has recently issued three new guides to assist certified financial planners in adhering to professional ethics standards in their practices.

 
 
 

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CFP Board Establishes New Appeals Commission

Posted on January 21st, 2022 at 1:39 PM
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.

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Kamila Elliot Prepared To Make History As First Black CFP Board Chair

Posted on January 13th, 2022 at 12:38 PM
Kamila Elliot Prepared To Make History As First Black CFP Board Chair

The first Black woman to head the CFP Board, Kamila Elliot, officially assumed her position from former CFP Board Chair Douglas King on January 1.

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CFP Board Strengthens Sanctions for Self-Reporting Failures

Posted on November 18th, 2021 at 1:16 PM
CFP Board Strengthens Sanctions for Self-Reporting Failures

The CFP Board has revised the degree of sanctions a CFP can receive if they fail to “timely report” potential misconduct, according to a CFP Board announcement.

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A Tale of Two Disclosure Obligations for CFPs

Posted on October 20th, 2020 at 9:12 AM
A Tale of Two Disclosure Obligations for CFPs

As part of the new CFP Board Code of Ethics & Standards of Conduct, CFP professionals’ obligations differ depending on whether they are simply providing financial advice or are engaging in “financial planning.”

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Relationships Covered by the CFP Board Code and the SEC’s Reg B-I

Posted on September 1st, 2020 at 3:00 PM
Relationships Covered by the CFP Board Code and the SEC’s Reg B-I

This is the seventh of several posts discussing the similarities and differences of the SEC’s recently-implemented Regulation Best Interest (“Reg. B-I”) and the CFP Board’s Code of Ethics and Standards of Conduct. In this post, we will look at which relationships are covered by the CFP Board Code and Reg. B-I.

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CFP Board Compares its Duty of Loyalty to the SEC’s Reg B-I

Posted on August 4th, 2020 at 9:15 AM
CFP Board Compares its Duty of Loyalty to the SEC’s Reg B-I

This is the third of several posts discussing the similarities and differences of the SEC’s recently-implemented Regulation Best Interest (“Reg. B-I”) and the CFP Board’s Code of Ethics and Standards of Conduct. In this post, we will look at the duty of loyalty required by the CFP Board and Reg B-I.

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CFP Exam Postponed until September

Posted on May 4th, 2020 at 5:20 PM
CFP Exam Postponed until September

Due to COVID-19, the CFP Certification Exam, which had been set to take place in July, has been postponed until September.  The exam is now scheduled for September 22-29.  Individuals who were scheduled to take the July exam will receive an email by May 31 with instructions on how to reschedule their testing appointment.

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CFP Board Willing to Lose Thousands of CFP’s over New SEC Rule

Posted on July 12th, 2019 at 4:49 PM
CFP Board Willing to Lose Thousands of CFP’s over New SEC Rule

The Securities and Exchange Commission (SEC) has recently decided to lower its legal standard of client care for registered investment advisors. However, as of October 1st, the CFP board will proceed with its more demanding standards for client care, which could strip thousands of advisors of their CFP licenses. 

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LATEST NEWS AND ARTICLES

September 23, 2022
CFP Board Lifts Interim Suspension of Former UBS Advisor

The Certified Financial Planner Board of Standards (CFP Board) has lifted an interim suspension it had imposed against a former UBS advisor after criminal fraud charges against him were recently dismissed.

September 22, 2022
FINRA Penalizes Baird Over $100 Trading Commissions

The Financial Industry Regulatory Authority (FINRA) has ordered Robert W. Baird & Co. to pay $461,481 plus interest due to allegations that the firm overcharged its clients on thousands of equity transactions for at least one year.

September 21, 2022
FINRA Arbitrators Award Nearly $470,000 To Investors in UBS YES Product

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered UBS to pay nearly $470,000 to clients who invested in a complex options strategy, known as the YES or Yield Enhancement Strategy.