The mission of CFP Board is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. CFP Board enforces its ethical standards by investigating incidents of allegedly unethical behavior by 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 censure to suspension or revocation of the right to use the CFP® marks.
CFP Board developed the Sanction Guidelines to assist the Disciplinary and Ethics Commission (DEC), the group charged with conducting disciplinary hearings in accordance with CFP Board's Disciplinary Rules and Procedures, in maintaining consistency regarding the imposition of sanctions for similar offenses. The Sanction Guidelines identify:
- Specific conduct that is a violation of CFP Board’s Code of Ethics and Standards of Conduct.
- The sanction guideline for that conduct.
- Policy notes for the DEC to consider when imposing the appropriate sanction.
The Sanction Guidelines may also be used by the Appeals Committee of the Board of Directors, which considers appeals of DEC decisions.