CFP Board Changes Rules for Bankruptcies, Disciplinary Procedures

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CFP Board Changes Rules for Bankruptcies, Disciplinary Procedures

Apr 05, 2012

After taking public comment, CFP Board announced new changes to its rules and procedures in three areas, including the way it handles bankruptcies among certificants and applicants.

Going forward, the board will issue a news release four times a year, publicizing all bankruptcy-only cases and will no longer take the time to investigate these bankruptcies when public filings about them are readily available. So-called bankruptcy-only cases involve planners who are not under investigation for other issues by the board. Currently, the board submits all such bankruptcies to a disciplinary procedure, which can result in some actions that are not made public. Read more >

Financial Planning
Ann Marsh
April 5, 2012

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