Skip to main content
Important Note
Effective June 30, 2020, CFP Board’s Sanction Guidelines will be updated to align with the new Procedural Rules that replace the Disciplinary Rules and Procedures and Appeal Rules and Procedures.

Review a redline version of the updated Sanction Guidelines

Read the new Procedural Rules

Compliance Resources
Find resources to understand obligations under the Code and Standards for CFP® professionals.

Anonymous Case Histories
View prior decisions of CFP Board's Disciplinary and Ethics Commision.

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.

View the Sanction Guidelines

Please Note: The DEC is not bound by the Sanction Guidelines, which are intended, along with the Anonymous Case Histories, to guide the DEC in its decision making. When considering the appropriate sanction in a particular case, the DEC may deviate from the sanction guideline if there are aggravating factors that warrant a more severe sanction or mitigating factors that warrant a less severe sanction.