CFP Board Discloses Bankruptcies by CFP® Professionals
Washington, DC, June 20, 2014 – Certified Financial Planner Board of Standards, Inc. announces today the names of CFP® professionals who have declared bankruptcy within the last five years and, under rules that took effect July 1, 2012, are not subject to disciplinary procedures but will have their bankruptcy disclosed.
CFP Board does not investigate, and the Disciplinary and Ethics Commission does not adjudicate, bankruptcy-only cases. Rather, CFP Board verifies the bankruptcy and notes the bankruptcy filing on the CFP® professional’s public profile, which is available through the search functions on CFP Board’s website. CFP Board will also share with consumers and other stakeholders who contact CFP Board regarding a CFP® professional’s certification status the information in the CFP® professional’s public profile, including identifying whether the CFP® professional has filed bankruptcy. All disclosures regarding a bankruptcy filed by a CFP® professional will remain on CFP Board’s website for 10 years from the earlier of the date the CFP® professional disclosed the bankruptcy to CFP Board or the date CFP Board became aware of the bankruptcy.
The public may review an individual’s bankruptcy information and certification status with CFP Board at www.CFP.net/search. For more detail regarding a CFP® professional’s bankruptcy filing, please visit the U.S. Court’s Public Access to Court Electronic Records (“PACER”) website, which can be found at https://pacer.login.uscourts.gov/cgi-bin/login.pl?court_id=00pcl. Please note that you will be required to register and pay a nominal fee to view the information.
This disclosure of these names is made pursuant to CFP Board’s rules regarding single-bankruptcy cases and covers the first quarter of 2014. The release of the information below does not constitute discipline of these individuals and is provided only for purpose of providing consumers with adequate information to make an informed decision with regard to engaging a CFP® professional to assist with financial decisions.
|Name||Location||State||Bankruptcy Type||Filing Date|
|Mr. Travis N. Allen||Portland||OR||Personal||May 2012|
|Ms. Daurene Lee||Las Vegas||NV||Personal||December 2010|
|Mr. David Howard Le Maire||Winston-Salem||NC||Personal||October 2012|
|Mr. Robert Mauldin||Santa Ana||CA||Personal||December 2010 |
|Mr. Bruce T. Schilling||Jacksonville||FL||Personal||August 2009|
|Mr. Luis J. Soto, Jr.||Miami||FL||Personal||September 2013|
|Ms. Shannon Nicole Stone||Oakland||CA||Personal||January 2010|
|Mr. James M. Weeks||Denver||CO||Personal||August 2013|
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