CFP

Financial Planning: Process and Rules - Articles 14 and 15

Article 14: Required Action After Revocation or Suspension
After the entry of an order of revocation or suspension is final, the CFP Board designee shall promptly terminate any use of the marks, and in particular shall not use them in any advertising, announcement, letterhead or business card.


Article 15: Reinstatement After Discipline

15.1 Reinstatement After Revocation
Revocation shall be permanent, and there shall be no opportunity for reinstatement.

15.2 Reinstatement After Suspension
Unless otherwise provided by the Board in its order of suspension, a CFP Board designee who has been suspended for a period of one (l) year or less shall be automatically reinstated upon the expiration of the period of suspension, provided the CFP Board designee files with CFP Board, within thirty (30) calendar days of the expiration of the period of suspension, an affidavit stating that the suspended CFP Board designee has fully complied with the order of suspension and with all applicable provisions of these Procedures, unless such condition is waived by the Board in its discretion. A CFP Board designee who has been suspended for a period longer than one (l) year must petition the Board for a reinstatement hearing within six months of the end of his/her suspension. Failure to do so will result in administrative relinquishment. Before any reinstatement hearing will be scheduled, the CFP Board designee must meet all administrative requirements for recertification, pay the reinstatement hearing costs and provide evidence, if necessary, that all prior hearing costs have been paid. At the reinstatement hearing, the CFP Board designee must prove by clear and convincing evidence that the CFP Board designee has been rehabilitated, has complied with all applicable disciplinary orders and provisions of these Procedures, and that the CFP Board designee is fit to use the marks.

15.3 Investigation
Immediately upon receipt of a petition for reinstatement, CFP Board Staff Counsel will initiate an investigation. The petitioner shall cooperate in any such investigation, and CFP Board Staff Counsel shall submit a report of the investigation to the Board which shall report on the petitioner's past disciplinary record and any recommendation regarding reinstatement.

15.4 Successive Petitions
If an individual is denied reinstatement, he/she must wait two (2) years to again petition for reinstatement. The second petition must be received by CFP Board within six (6) months of the expiration of the two (2) year period. Failure to submit a second petition within this time period will result in the individual's right to use the marks being administratively relinquished. If the second petition is denied, the individual's right to use the marks shall be administratively relinquished.

15.5 Reinstatement Fee
Petitioners for reinstatement will be assessed the costs of the reinstatement proceeding.



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