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30274 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Commission/Compensation
Standard(s) Violated: Article 2.1
Matter Type(s): Other
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he twice represented his compensation method as “fee-only” on CFP Board’s “Find a CFP® Professional” search tool even though he: (a) was a licensed broker who is entitled to receive commissions; (b) was an insurance producer licensed to sell insurance products for commissions until September 2015; (c) earned commissions during the relevant period from September 2013 through July 2015; and (d) referred clients to related parties who earn commissions on product sales.

29696 – Anonymous Case History
Decision: Private Censure
Keyword(s): Fee-Only; Disclosure to Clients
Standard(s) Violated: Article 2.1
Matter Type(s): Other
Decision Date: 10/30/2015
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he represented his compensation method as “fee-only” while having active appoints as an insurance agent and related parties were earning commission compensation.

30258 – Anonymous Case History
Decision: Private Censure
Keyword(s): Commission/Compensation
Standard(s) Violated: Article 2.1
Matter Type(s): Other
Decision Date: 02/28/2017
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he twice represented his compensation method as “fee-only” on CFP Board’s “Find a CFP® Professional” search tool while he had two related partiers that were entitled to receive commissions.

30279 – Anonymous Case History
Decision: Private Censure
Keyword(s): Commission/Compensation
Standard(s) Violated: Article Article 3(a); 2.1
Matter Type(s): Other
Decision Date: 03/02/2017
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when she misrepresented her compensation method as “fee-only” on CFP Board’s “Find a CFP® professional” search tool due to the following: a) Respondent is licensed and appointed to sell insurance which entitles her to receive commissions; and b) Respondent’s related party, her employer ABC, receives or is entitled to receive commissions through divisions that sell mortgages, securities, and insurance.

29852 – Anonymous Case History
Decision: Private Censure
Keyword(s): Fee-Only
Standard(s) Violated: Article 5.1; 6.2
Matter Type(s): Other
Decision Date: 11/02/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he twice represented his compensation method as “fee-only” on CFP Board’s “Find a CFP® Professional” search tool even though his RIA is a related party to a firm that sells insurance products to clients for commissions.

Page 1 of 1 , 5 Items in Total