Page 1 of 1 , 24 Items in Total
24375 – Anonymous Case History
Decision: Private Censure
Keyword(s): Disclosure to CFP Board; Misrepresentation
Standard(s) Violated: Article 606(b); Article 3(a); 201; 607
Matter Type(s): Civil Court
Decision Date: 07/20/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he solicited investors’ participation in a real estate investment by contacting the investors using the name of a his firm, which was seeking its investment advisor registration.

24706 – Anonymous Case History
Decision: Private Censure
Keyword(s): Conflict of Interest; Disclosure to Clients; Client's Best Interest; Diligence
Standard(s) Violated: Article 4.4; 1.4; 4.1; Article 3(a)
Matter Type(s): Client Dissatisfaction
Decision Date: 08/21/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he failed to: 1) communicate with Husband and Wife appropriately regarding conflicts with representing both after he became aware of their potential divorce; and 2) appropriately respond to Wife’s inquiries and subsequent check processing by failing to inform her that Husband refused to consent to the sale of investments to cover a large check.

26166 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Fitness
Matter Type(s): SEC Discipline; FINRA Discipline; Client Dissatisfaction
Decision Date: 03/19/2012
Summary: Whether a candidate for CFP® certification ("Respondent") could be certifed when he was the subject of a Securities and Exchange Commission ("SEC") cease and disist order, censure and civil penalty due to: 1) recommended that 17 brokerage customers (three of whom were also advisory clients) engaged in two rounds of "switchs" by misrepresenting to the customers that the customer would recover the surrender charges paid in the old annuities through bonuses received in the new annuities; and 2) Respondent's failure to adequately reflect liabilities on Respondent's broker-dealer's books and records causing a net capital deficiency.

26603 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Client Dissatisfaction
Decision Date: 03/27/2012
Summary: Whether a candidate for CFP® certification ("Respondent") could be certified when he was the subject of a 2006 Customer Complaint and a 2006 National Association of Securities Dealers ("NASD", now known as the Financial Industry Regulatory Authority, Inc. or "FINRA") Letter of Caution.

26763 – Anonymous Case History
Decision: Private Censure
Keyword(s): Record-Keeping; Fitness; Diligence; Misrepresentation; Professional Discipline
Standard(s) Violated: Article 6.5; Article 3(a); 5.1
Matter Type(s): SEC Discipline
Decision Date: 04/26/2012
Summary: Whether a CFP® professional ("Respondent") violated CFP Board's Standards of Professional Conduct when he was censured and fined by the Securities and Exchange Commission ("SEC") for: 1) failing to ensure that his firm ("Firm") maintained complete and accurate employee records; 2) instructing an associated person to backdate employment-related documents; and 3) knowingly submitting the backdated documents to the SEC without disclosing that they were backdated.

27066 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Civil Court
Decision Date: 12/26/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when she: 1) incurred several tax liens; and 2) failed to timely report her tax liens on her Form U4.

27067 – Anonymous Case History
Decision: Private Censure
Keyword(s): Bankruptcy; Fitness
Standard(s) Violated: Article Article 3(a); 6.5
Matter Type(s): Civil Court
Decision Date: 05/10/2012
Summary: Whether a CFP® professional ("Respondent") violated CFP Board's Standards of Professional Conduct when he filed for Chapter 13 Bankruptcy.

27192 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Bankruptcy
Matter Type(s): Civil Court
Decision Date: 03/27/2012
Summary: Whether a CFP® professional who had been suspended from using the CFP® certification marks provided sufficient evidence to obtain reinstatement.

27197 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Professional Discipline; Employer Policy Violation
Matter Type(s): FINRA Discipline; Other Professional Discipline
Decision Date: 03/30/2012
Summary: Whether a CFP® professional ("Respondent") violated CFP Board's Standards of Professional Conduct when he was censured and fined by the Securities and Exchange Commission ("SEC") for: 1) failing to ensure that his firm ("Firm") maintained complete and accurate employee records; 2) instructing an associated person to backdate employment-related documents; and 3) knowingly submitted the backdated documents to the SEC without disclosing that they were backdated.

27216 – Anonymous Case History
Decision: Private Censure
Keyword(s): Fitness; Bankruptcy
Standard(s) Violated: Article 6.5; Article 3(a)
Matter Type(s): Civil Court
Decision Date: 08/21/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conductwhen he filed for bankruptcy in 2011.

27228 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Client's Best Interest; Suitability
Standard(s) Violated: Article Article 3(f); 607; 704; 406; 701; 606(a); 606(b); 202; 201
Matter Type(s): FINRA Arbitration
Decision Date: 07/27/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he did not respond to a Complaint issued to him by CFP Board.

27424 – Anonymous Case History
Decision: Private Censure
Keyword(s): Bankruptcy
Standard(s) Violated: Article 607; Article 3(a)
Decision Date: 07/20/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he filed for Chapter 13 Bankruptcy in 2007.

27450 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Other Professional Discipline; Client Dissatisfaction
Decision Date: 12/04/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when he recommended a variable annuity to his client when her income was limited to unemployment compensation that did not cover her monthly expenses according to the State’s February 2011 letter to Respondent’s attorney.

27508 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Other Professional Discipline
Decision Date: 12/04/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when he: 1) failed to inform his employer that he served on the Board of Directors of a non-profit organization; and 2) sent an email from his work email account related to an unapproved outside business activity concerning loans he made to a business while employed with another firm.

27645 – Anonymous Case History
Decision: Private Censure
Matter Type(s): Civil Court
Decision Date: 11/20/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he filed for Chapter 7 Bankruptcy in 2012.

27721 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Outside Business Activity; Employer Policy Violation
Matter Type(s): FINRA Discipline; Other Professional Discipline
Decision Date: 07/20/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when his employer terminated him because he sold fixed-indexed annuities outside without his employer’s approval, and in violation of his employer’s policy.

27722 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Other Professional Discipline
Decision Date: 11/20/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when she: 1) filed for bankruptcy in 2006; 2) acted in a capacity that required registration as a registered representative in violation of Financial Industry Regulatory Authority, Inc. (“FINRA”) Registration Rule 1031 and Conduct Rule 2110; and 3) failed to amend her Form U4 to reflect her 2006 Bankruptcy filing in violation of Conduct Rule 2110.

27743 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Other Professional Discipline
Decision Date: 12/26/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when she: 1) recommended that an elderly client with a terminal illness and a short time horizon take a mortgage to fund the purchase a securities product; 2) settled one of a client’s accounts incorrectly due to her lack of preparation; and 3) received a letter of caution from her employer for violation of firm policy by investing loan proceeds into a securities product.

27785 – Anonymous Case History
Decision: Private Censure
Matter Type(s): Professionalism
Decision Date: 12/20/2012
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) allowed clients to sign blank “Authorization to Transfer Funds” forms, “Annuity Addendum” forms, and “Two-Tier Equity/Fixed Indexed Annuity Acknowledgement” forms, in direct violation of his firm’s policy; 2) altered the Risk Tolerance, Time Horizon and dates on two new account forms; 3) used white-out correction fluid on two annuity applications with no evidence of acknowledgment by the client; 4) failed to properly keep records of new account forms for two clients; 5) failed to properly record and forward funds to his home office as required by his firm’s policy; and 6) was terminated by his broker-dealer.

27823 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Professional Discipline; Outside Business Activity; Previous Discipline
Matter Type(s): CFP Board
Decision Date: 07/23/2012
Summary: Whether a registrant (“Respondent”) who had been suspended from using the CFP® certification marks (“CFP® marks”) provided sufficient evidence to obtain reinstatement.

27964 – Anonymous Case History
Decision: Granted Petition
Decision Date: 11/28/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when he filed for bankruptcy within five years prior of applying for CFP® certification.

28045 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): CFP Board
Decision Date: 11/20/2012
Summary: Whether an applicant for legal reinstatement of his CFP® certification (“Respondent”) proved to the Hearing Panel by clear and convincing evidence that: 1) he maintained competence and learning in the area of financial planning during the suspension period; 2) his conduct since his December 2009 suspension had been exemplary and beyond reproach; 3) he made restitution or settled all claims from persons injured or harmed by his misconduct, or provided a satisfactory explanation of his failure to do so; 4) he provided documentary evidence of all of his business activities during the suspension period; 5) he is fit to use the CFP®, CERTIFIED FINANCIAL PLANNER™, and certification marks certification marks (“CFP® marks”); and 6) he completed all required forms, paid all required fees and reported the required continuing education hours.

26700 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Fitness; Bankruptcy
Matter Type(s): Professionalism
Decision Date: 08/09/2012
Summary: Whether a registrant ("Respondent") could be certified when he filed for Chapter 7 Bankruptcy protection less than five years prior to applying for certification.

27811 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Fitness; Unauthorized Use of the Marks
Matter Type(s): CFP Board
Decision Date: 07/20/2012
Summary: Whether a candidate for CFP® certification (“Respondent”) could be certified when he used the CFP® certification marks (“CFP® marks”) in his campaign for political office four years after he had relinquished his CFP® certification.

Page 1 of 1 , 24 Items in Total