On August 26, 2011, CFP Board submitted a comment letter to the SEC in support of its proposal to strengthen the rules that apply to broker-dealers with custody of client assets. In its letter, CFP Board characterized the Broker-Dealer Reports Proposal as a welcome effort to close regulatory gaps demonstrated by the Bernard Madoff Ponzi scheme scandal.CFP Board believes the Broker-Dealer Reports Proposal is a much-needed companion rule to the Investment Adviser Custody Rule that will enhance the Commission's ability to oversee the custody activities of broker-dealers.
Read CFP Board’s letter (PDF, 98KB)
← Back to Regulatory Comments
CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.
© 2012 Certified Financial Planner Board of Standards, Inc. All Rights Reserved.
1425 K Street NW #800, Washington, DC 20005
phone: 800-487-1497 (Toll-Free) / 202-379-2200 | fax: 202-379-2299 | email@example.com
We welcome your feedback and invite you to complete a brief 5-question survey to help us improve your experience on CFP.net.
It's easy to participate and will take less than 2 minutes:
Click the "Yes" button below to continue your visit on CFP.net as intended. When finished, simply retrieve and complete the questionnaire that will appear in a new browser window.
Quick Links Find a CFP® Professional Verify Certification Get Certified Create an Account | Log In Apply for the CFP® Exam Center for Financial Planning Career Center Find CE Programs Brochures & Publications LetsMakeaPlan.org