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31079 – Anonymous Case History
Decision: Suspension
Keyword(s): Professional Discipline; Misrepresentation; Failure-to-Report
Standard(s) Violated: Article 2.1; 4.3; Article 3(d); Article-13.2; Article 3(g)
Matter Type(s): State Regulatory Action; Failure to Disclose to CFP Board
Decision Date: 02/01/2019
Summary:

Whether a CFP® professional violated CFP Board’s Standards of Professional Conduct when (a) she allowed the distribution of invitations that falsely identified her as an investment advisor representative, and (b) failed to report to the CFP Board numerous professional disciplinary actions.  


30010 – Anonymous Case History
Decision: Suspension
Keyword(s): Professional Discipline; Unauthorized Transaction; Misrepresentation; Failure to Notify CFP Board; Churning
Standard(s) Violated: Article Article 3(e); Article 3(d); Article 3(a); 5.1; 4.4; 4.3; 3.4
Matter Type(s): Sales Practice Violations; FINRA Discipline; FINRA Regulatory Action; Failure to Disclose to CFP Board; Customer Complaint to Firm
Decision Date: 07/01/2017
Summary:

Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) exercised discretion in the clients’ accounts without written discretionary authorization from the clients; 2) churned the clients’ accounts; 3) exercised discretion in the clients’ accounts without written discretionary authorization from the clients; 4) falsely informed a client that the total commissions owed to him and his firm would be the same whether they paid fees based on a percentage of the assets under management or fees based on each transaction executed in the accounts; 5) failed to disclose a regulatory action to State within 30 days; and 6) failed to report this suspension of a professional license to CFP Board within the required 30 calendar days


31241 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Professional Discipline; Employer Policy Violation; Settlement; Misrepresentation; Failure-to-Disclose; Borrowing from Client
Standard(s) Violated: Article 3.6; 5.1; 4.3; 6.1; Article 3(g)
Matter Type(s): State Regulatory Action; Failure to Disclose to CFP Board; Termination
Decision Date: 02/01/2019
Summary: Whether a CFP® professional violated CFP Board’s Standards of Professional Conduct when she and her husband accepted a $500,000 loan from a client without disclosing the loan to her firm.

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