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28897 – Anonymous Case History
Decision: Private Censure
Keyword(s): Employer Policy Violation; Securities Laws Violation; Professional Discipline
Standard(s) Violated: Article 4.3; Article 3(d); Article 3(a); 5.1
Matter Type(s): Other Professional Discipline
Decision Date: 07/21/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) recommended closed-end funds (“CEF”) to his clients that were not approved by Firm; 2)mismarked order tickets as being unsolicited when they were solicited, which resulted in Firm’s books and records being inaccurate; and 3) disclosed personal trading information to clients.

30205 – Anonymous Case History
Decision: Private Censure
Keyword(s): Forgery; Professional Discipline
Matter Type(s): Termination
Decision Date: 12/09/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he altered client documents by electronically attaching his branch manager’s signature to a 529 Plan distribution form.

30320 – Anonymous Case History
Decision: Private Censure
Keyword(s): Professional Discipline; Failure to Notify CFP Board; Employer Policy Violation
Standard(s) Violated: Article 5.1; 4.3
Matter Type(s): Termination
Decision Date: 11/07/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he processed a variable life insurance settlement exchange transaction through an outside firm without the approval of his firm.

30379 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Forgery; Employer Policy Violation; Professional Discipline
Matter Type(s): Regulatory Action; Termination
Decision Date: 11/29/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) signed a client’s signature on client account documentation; and 2) failed to disclose his termination and a regulatory investigation on his 2012, 2014, and 2016 Ethics Declarations.

29347 – Anonymous Case History
Decision: Suspension
Keyword(s): Fraud Related to Professional Activity; Securities Laws Violation; Professional Discipline; Fiduciary Duty; Customer Complaints
Standard(s) Violated: Article 4.1; 2.2(a); 1.4; 4.3; Article 3(b); Article 3(a); 5.1; 4.4; 2.1; 2.2(e)
Matter Type(s): Client Dissatisfaction
Decision Date: 04/26/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he directed his clients to sign, but not date, numerous incomplete and blank forms, including account registration forms, transfer forms, and annuity application forms, which did not include written disclosure of information such as fees, sales charges, or surrender charges.

29351 – Anonymous Case History
Decision: Suspension
Keyword(s): Securities Laws Violation; Professional Discipline
Standard(s) Violated: Article 5.1; Article 3(a); Article 3(d); 4.3
Matter Type(s): Professionalism
Decision Date: 03/25/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he marked solicited trades in leveraged exchange traded funds as unsolicited.

29425 – Anonymous Case History
Decision: Private Censure
Keyword(s): Misdemeanor; DUI/DWI; Felony-Non-Violent Crime
Standard(s) Violated: Article 607; 6.5
Matter Type(s): Criminal Court
Decision Date: 03/25/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he was convicted of misdemeanor Reckless Driving in 2005 and misdemeanor driving under the influence (“DUI”) in 2014.

29473 – Anonymous Case History
Decision: Denied Petition
Keyword(s): Professional Discipline; Unauthorized Use of the Marks; Outside Business Activity; Judgment Lien; Unauthorized Transaction; Employer Policy Violation
Matter Type(s): Other Professional Discipline; FINRA Arbitration
Decision Date: 08/05/2016
Summary: Whether a candidate for CFP® certification could be certified when he: 1) invested personal in an outside investment without obtaining prior approval from his firm; 2) referred former clients to, and facilitated investments in, the same outside investment; 3) wilfully failed to amend his Form U4 to report three unsatisfied tax liens; 4) falsely certified to his firm on several occasions that he had complied with his obligation to timely update his Form U4 regarding unsatisfied tax liens; 5) consented to a one-year suspension by the Financial Industry Regulatory Authority, Inc. (“FINRA” formerly known as the National Association of Securities Dealers or “NASD”) due to the aforementioned conduct; and 6) used the CFP® marks when he was not authorized to do so.

29538 – Anonymous Case History
Decision: Revocation by DEC
Keyword(s): Bankruptcy; Felony-Tax; Judgment Lien
Standard(s) Violated: Article 6.5; Article 3(a); Article 3(g)
Matter Type(s): Bankruptcies; Judgments/Liens
Decision Date: 03/25/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) filed Chapter 7 Bankruptcy in 1990 and again in 2014; and 2) informed CFP Board on multiple renewal applications for CFP® certification that he had not been a defendant or respondent in a civil action including, but not limited to, a lawsuit, arbitration or mediation relating to his professional activities when in 2009, Respondent was a defendant in a class action lawsuit concerning his professional activities.

29661 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Bankruptcy; Borrowing from Client
Standard(s) Violated: Article 1.4; 6.5; 3.6; 4.3
Matter Type(s): Regulatory Action
Decision Date: 04/25/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he entered into a loan with a client that he subsequently discharged in bankruptcy.

29667 – Anonymous Case History
Decision: Denied Petition
Keyword(s): Securities Laws Violation; Failure to Cooperate with Staff
Matter Type(s): Regulatory Action
Decision Date: 08/05/2016
Summary: Whether a candidate for CFP® certification could be certified when she: 1) operated a place of business in State without disclosing the address to the State Securities Division and by not filing a uniform branch office registration form reflecting the additional business location; 2) failed to maintain accurate and complete financial statements and audit working papers related to her investment advisory business; 3) failed to cooperate with CFP Board’s investigation of her conduct; and 4) used the CFP® marks when she was not authorized to do so.

29803 – Anonymous Case History
Decision: Private Censure
Keyword(s): Fee-Only
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 he was licensed and appointed to sell insurance products for commission and was still receiving commissions from insurance products.

29845 – Anonymous Case History
Decision: Suspension
Keyword(s): Securities Laws Violation; Revocation of a Financial Professional License; Professional Discipline
Standard(s) Violated: Article 606(a); Article 3(e); Article 3(d); Article 3(a); Article 3(g)
Matter Type(s): Regulatory Action
Decision Date: 04/25/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when: 1) the State Department of Taxation and Finance (“Department”) revoked her insurance license because she failed to pay employer withholding taxes, penalties and interest; 2) she failed to notify CFP Board within the required 30 calendar days that State revoked her insurance license; and 3) declared State 2 as her home state with respect to her non-resident insurance license even though she was not then licensed as an insurance producer in State 2.

29863 – Anonymous Case History
Decision: Private Censure
Keyword(s): Revocation of a Financial Professional License; Employer Policy Violation; Securities Laws Violation
Standard(s) Violated: Article 5.1; Article 3(e); Article 3(a); 4.3
Matter Type(s): Termination
Decision Date: 07/21/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he violated: 1) Financial Industry Regulatory Authority, Inc. (“FINRA”) Rule 2010 by sharing his computer password with another employee, submitting inaccurate expense reports and conducting sales contests in a non-approved manner; 2) State 1 Law when he failed to maintain his home state insurance license; and 3) State 2 Law when he failed to: (1) notify State 2 within 30 days of his involvement in the State 1 action; and (2) disclose that he was named as a party in a FINRA arbitration proceeding in 2010.

29906 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): DUI/DWI
Matter Type(s): Criminal
Decision Date: 11/30/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he was convicted of an alcohol-related offense in 2003 and twice in 2015.

29910 – Anonymous Case History
Decision: Private Censure
Keyword(s): Unauthorized Transaction
Standard(s) Violated: Article 4.3; 5.1
Matter Type(s): Regulatory Action
Decision Date: 11/02/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he: 1) exercised discretion in executing six transactions in six different customer accounts without obtaining written authorization from his clients to exercise discretion in their accounts; and 2) failed to cooperate with his firm’s review of the unauthorized activity.

29915 – Anonymous Case History
Decision: Private Censure
Keyword(s): DUI/DWI
Standard(s) Violated: Article Article 3(c); 6.5; Article 3(a)
Matter Type(s): Criminal
Decision Date: 10/17/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he was convicted of his second DUI misdemeanor.

29916 – Anonymous Case History
Decision: Granted Petition
Matter Type(s): Other
Decision Date: 03/25/2016
Summary: Whether a petitioner, who had his right to use the CFP® certification suspended for a period of one year and one day (“Respondent”), has proven by clear and convincing that he has been rehabilitated, has complied with all applicable disciplinary orders and provisions of CFP Board’s Disciplinary Rules, and that he is fit to use the CFP® marks.

29923 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Professional Discipline
Standard(s) Violated: Article Article 3(a); 4.3; Article 3(d)
Matter Type(s): Regulatory Action
Decision Date: 03/02/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he allowed two registered representatives to place their names as the brokers of record on two of his customers’ variable annuity applications, even though the representatives did not substantially participate in the sales.

29926 – Anonymous Case History
Decision: Private Censure
Keyword(s): Suitability; Customer Complaints
Standard(s) Violated: Article 1.3
Matter Type(s): Customer Complaint
Decision Date: 12/09/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he sold a variable annuity to one client shortly after her husband’s death and sold single-premium immediate annuities to two elderly clients.

29948 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Employer Policy Violation; Professional Discipline; Securities Laws Violation; Failure to Notify CFP Board
Standard(s) Violated: Article 6.5; 6.2; Article 3(e)
Matter Type(s): Criminal; Regulatory Action
Decision Date: 07/22/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when (a) he copied drivers licenses of “extraordinary persons” in violation of State law, (b) State criminally convicted him of a misdemeanor, which resulted in a felony charge from State, (c) he failed to promptly disclose to Firm 1 that he had been charged with a felony, (d) he failed to amend his Form U4, in violation of Financial Industry Regulatory Industry, Inc. (“FINRA” formerly known as the National Association of Securities Dealers or “NASD”) Rule 2010 and NASD Rule 3070(b), (e) the State Securities Division concluded that Respondent was not of “good business repute” and denied Respondent’s State securities salesperson license and investment adviser representative license applications, (f) Firm 1 terminated Respondent’s employment because of his criminal indictment, and (g) Firm 2 terminated Respondent’s employment due to the State Securities Division’s Order of Denial.

29970 – Anonymous Case History
Decision: Granted Petition
Keyword(s): Fitness; Bankruptcy
Matter Type(s): Bankruptcies
Decision Date: 03/25/2016
Summary: Whether a candidate for CFP® certification could be certified when she filed for Chapter 7 Bankruptcy in 2003 and Chapter 13 Bankruptcy in 2004.

30000 – Anonymous Case History
Decision: Denied Petition
Keyword(s): DUI/DWI; Fitness
Matter Type(s): Criminal; Regulatory Action
Decision Date: 03/25/2016
Summary: Whether a candidate for CFP® certification could be certified when he was the subject of a 2014 criminal misdemeanor conviction for Disorderly Conduct, a 2015 State 1 Insurance Department (“State 1”) Order of Denial, a 2014 State 2 Department of Insurance (“State 2”) Issuance of Restricted License, a 2008 criminal misdemeanor conviction for Minor Consuming Alcohol, a 2009 criminal misdemeanor conviction for Underage Consumption, a 2011 criminal misdemeanor conviction for Underage Consumption and a 2014 criminal misdemeanor conviction for Careless Driving.

30008 – Anonymous Case History
Decision: Letter of Admonition
Keyword(s): Bankruptcy; Professional Discipline
Standard(s) Violated: Article Article 3(e); Article 3(a); 6.5; Article 3(d)
Matter Type(s): Regulatory Action
Decision Date: 03/02/2016
Summary: Whether a CFP® professional (“Respondent”) violated CFP Board’s Standards of Professional Conduct when he failed to amend his Form U4 to disclose his 2010 Chapter 7 bankruptcy until 2013, in violation of the Financial Industry Regulatory Authority, Inc. (“FINRA”) Rules 1122 and 2010.

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