ARTICLE 4: FORMS OF DISCIPLINE
In cases where no grounds for discipline have been established, the DEC may dismiss the matter as either without merit or with a cautionary letter. In all cases, the DEC has the right to require the Respondent to complete additional continuing education or other remedial work, which includes, but is not limited to, retaking the CFP® Certification Exam and/or completing the coursework required by a CFP Board-Registered Program. Such continuing education or remedial work may be ordered instead of, or in addition to, any discipline listed below. Where grounds for discipline have been established, any of the following forms of discipline may be imposed.
4.1 Private Censure
The DEC may order private censure of a Respondent, which shall be an unpublished written reproach mailed by the DEC to a censured Respondent.
4.2 Public Letter of Admonition
The DEC may order that a Public Letter of Admonition be issued against a Respondent, which shall be a publishable written reproach of the Respondent’s behavior. It shall be standard procedure to publish the Public Letter of Admonition in a press release or in such other form of publicity selected by the DEC.
The DEC may order suspension for a specified period of time, not to exceed five years. In the event of a suspension, CFP Board must publish the fact of the suspension together with identification of the Respondent in a press release, or in such other form of publicity as is selected by the DEC. Respondents receiving a suspension may qualify for reinstatement to use the marks as provided in Article 15.
The DEC may order permanent revocation of a Respondent’s right to use the marks. In the event of a permanent revocation it shall be standard procedure to publish the fact of the revocation together with identification of the Respondent in a press release, or in such other form of publicity as is selected by the DEC.
Article 5: Interim Suspension Status
InvestingWarren Buffett was once asked what is more important to become a successful investor: intelligence or discipline? His answer came as a surprise to some.
Financial AdvisorThe Certified Financial Planner Board of Standards promotes standards and ethics in financial planning and enforces CFP certification requirements.
Financial AdvisorA new study shows that most Americans, when it comes to managing their finances, are looking for one-stop shopping, including banking services.
Financial AdvisorThe workload doesn't end with your exam. Find out how to keep up your CFP credential.
Financial AdvisorWhile a majority of investors are comfortable with fees they pay, they lack investment knowledge.
Personal FinanceLots of Americans feel that they can't afford to pay for professional financial advice. Here we dig deeper into who is looking for an advisor.
TradingFor traders to achieve true discipline, they need to more than just accept the idea.
Financial AdvisorA recent study shows a few key areas of financial planning that advisors are overlooking for wealthy individuals. Here's how to better help them.
Managing WealthA revocable trust is a legal arrangement whereby a grantor transfers property to a trustee who holds the property in trust for the grantor’s benefit.
Financial AdvisorUnsure of how your assets will be dispersed once you're gone? Here's how setting up a revocable trust while you're here can be a big benefit.