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Certification Updates

CFP Board Censures Improper CFP® Certificant Conduct

May 18, 2010

Washington, DC, May 18, 2010 — Certified Financial Planner Board of Standards, Inc. announces public disciplinary actions against the following individuals’ right to use the CFP® certification marks, effective immediately.

STATE NAME LOCATION DISCIPLINE
Arizona Christopher J. Dietz Surprise Revocation
Arkansas Dawn M. Hanson Garfield Revocation
California Theodore A. Lange Carlsbad Letter of Admonition
Colorado Kent A. Fairweather Denver Suspension
  Brent L. Marvin Highlands Ranch Revocation
Florida Jason E. Stephens Naples Suspension
Indiana Louis G. Mohlman Leo Revocation
Iowa Mark A. Geertsma Independence Suspension
Minnesota Lance J. Ziesemer Waconia Suspension
Missouri C. Rodney George Saint Louis Revocation
New Jersey Robert S. Allen Secaucus Suspension
  Theodore E. Payne Upper Montclair Suspension
New York Peter J. Dawson Albion Revocation
  Ellen M. Douglas Roslyn Suspension
Ohio Gino N. Chiappetta Millbury Suspension
Rhode Island David F. Brochu Providence Suspension
South Carolina Wayne Cassaday Mount Pleasant Suspension
Texas Jesse L. Dietz Baytown Suspension
  Kathryn B. Farland Plano Revocation
  Lawrence L. Richter San Antonio Revocation
Virginia Michael J. Bennington Danville Revocation

Public disciplinary actions taken by CFP Board, in order of increasing severity, include letters of admonition, suspensions and permanent revocations. The basis for each decision can be found in a Disciplinary Action Report on CFP Board’s Web site. Consumers may check on any planner’s disciplinary history and certification status with CFP Board at www.CFP.net/search.

CFP Board’s Standards of Professional Conduct, which includes the Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards, sets forth the ethical standards for financial planners who hold the CFP® certification. CFP Board enforces its ethical standards by investigating incidents of alleged unethical behavior, and following the procedures established in CFP Board’s Disciplinary Rules and Procedures. In cases where violations are found, CFP Board may impose discipline ranging from a private censure or public letter of admonition to the suspension or revocation of the right to use the CFP® marks. The Disciplinary Rules and Procedures set forth a fair process for investigating matters and imposing discipline where necessary.

CFP Board’s enforcement process is a critical consumer protection. CFP® practitioners agree to abide by CFP Board’s Standards of Professional Conduct, which sets forth their ethical responsibilities to the public, clients and employers. CFP® practitioners agree to act fairly and diligently when providing clients with financial planning advice and services, putting the clients’ interests first.

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® certificants and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and the in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. CFP Board currently authorizes more than 61,000 individuals to use these marks in the U.S.

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CFP® - The Recognized Standard of Excellence for Personal Financial Planning

FOR IMMEDIATE RELEASE

CONTACT:
Michael P. Shaw, Managing Director, Professional Standards and Legal
Phone: 202-379-2230
E-mail: mshaw@CFPBoard.org

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