CFP Board Imposes Interim Suspension on Anthony Cottone
Certified Financial Planner Board of Standards, Inc. (CFP Board) announced today that it has imposed an automatic interim suspension of the CFP® certification on Anthony Cottone of Boca Raton, Florida. The interim suspension became effective July 15, 2019.
CFP Board imposed an automatic interim suspension after receiving evidence that the Financial Industry Regulatory Authority (“FINRA”) issued an Order permanently barring Mr. Cottone from associating with any FINRA member in all capacities on December 10, 2018, based on its finding that Mr. Cottone “failed to respond to FINRA request[s] for information.”
Pursuant to Article 5.7 of CFP Board’s Disciplinary Rules and Procedures, “[a]n interim suspension shall immediately be issued without a hearing when CFP Board Counsel receives evidence of…a professional discipline in accordance with Article 13.1 for…revocation of a financial professional license.” Article 5.7 also provides that “a letter or other writing from a governmental or industry self-regulatory authority to the effect that a Respondent has been the subject of an order of professional discipline…by such authority, shall conclusively establish the existence of such.”
Under the automatic interim suspension order, Mr. Cottone’s right to use the CFP® certification marks is suspended pending CFP Board’s completed investigation and possible further disciplinary proceedings.
Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public’s awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms and consumer groups as the standard for financial planning, CFP® certification is held by more than 83,000 people in the United States.