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.
The Certified Financial Planner Board has unanimously approved its new Code of Ethics and Standards of Conduct. The revision will expand significantly the fiduciary duty requirement imposed on all CFP professionals.
The Certified Financial Planner Board of Standards, Inc. would require CFPs to adhere to a fiduciary standard at all times pursuant to a new ethics code proposed.
Ash Narayan, an investment adviser in Irvine, Calif., has been temporarily suspended by the Certified Financial Planner Broad of Standards for allegedly misappropriating client funds and misrepresenting to clients that he was a Certified Public Accountant, when he was not.
The CFP Board found that adviser Charles Zsarnay of Toledo, Ohio,allegedly copied certain individual drivers’ licenses in violation of Ohio law and failed to promptly disclose to his firm that he had been charged with a felony.
After a three-year-old dispute centering on a disciplinary action by the CFP Board against a husband-and-wife team, the U.S. Court of Appeals D.C. Circuit has ruled in favor of the Board over a “fee only” advisor designation.
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The CFP Board of Standards has announced that the number of Certified Financial Planner professionals has topped the 75,000 mark in the United States.
In its most recent censures, the CFP Board has called for three suspensions, two interim suspensions and ten letters of admonition. Included in the round-up was former Wisconsin state representative Bill Kramer. The sanctions were all made public by the CFP.
You were most helpful with my FINRA deposition. You are a good lawyer and a good person.
In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm.
James Eccleston has been recognized as one of America's Most Honored Lawyers by The American Registry.
Matthew J. Chimento, a former broker at E-Trade Securities in Alpharetta, Georgia, has been barred by FINRA for failing to provide information and documents related to allegations of unauthorized fund transfers from a client's account.
