The Certified Financial Planner Board of Standards has established a Code of Ethics and Professional Responsibility and a related Disciplinary Rules and Procedures that apply to all CFP Board designees. The Code of Ethics sets standards of ethical and professional behavior, while the Disciplinary Rules and Procedures are used to enforce the code. The Terminology, the Code of Ethics and Professional Responsibility and the Rules of Conduct were all last updated in 2008. The rules for disciplinary action and the appeals process were updated in January of 2013.

References:

Comparison of Updated and Previous Standards of Professional Conduct

Side-by-Side Comparison of Terminology (PDF, 50KB)

Side-by-Side Comparison of Principles (PDF, 46KB)

Side-by-Side Comparison of Rules (PDF, 84KB)

Side-by-Side Comparison of Financial Planning Practice Standards and Rules (PDF, 47KB)

See more at: http://www.cfp.net/for-cfp-professionals/professional-standards-enforcement/previous-standards-of-professional-conduct#sthash.gisBbM9N.dpuf



Code of Ethics and Professional Responsibility

Related Articles
  1. Small Business

    What is a Code of Ethics?

    A code of ethics is a collection of principles and guidelines an organization expects its employees to follow.
  2. Financial Advisor

    The Basics Of CFP Designation Maintenance

    The workload doesn't end with your exam. Find out how to keep up your CFP credential.
  3. Financial Advisor

    How to Avoid Advisors Who've Been Disciplined

    It's not hard to find out if a potential financial planner has a shady past. Here's why it's so important to check an advisor's credentials and history.
  4. Financial Advisor

    The Top 3 Financial Advisor Credentials

    An overview of the top three credentials for financial advisors and what they require.
  5. Investing

    How to Use Ethical Investing to Invest in Your Beliefs

    These steps will help you invest ethically without jeopardizing your financial goals.
  6. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  7. Financial Advisor

    Designations For The Buy Side

    For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs.
  8. Financial Advisor

    How To Select A Financial Advisor

    Understanding one's own needs and what different advisors do are critical elements in the selection process.
  9. Small Business

    What are Business Ethics?

    Business ethics is the system of laws and guidelines by which business professionals and corporations operate in a fair, legal and moral fashion. It’s a broad topic, covering everything from ...
Frequently Asked Questions
  1. What is the difference between yield and return?

    While both terms are often used to describe the performance of an investment, yield and return are not one and the same ...
  2. What are the Differences Among a Real Estate Agent, a broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ...
  3. What is the difference between amortization and depreciation?

    Because very few assets last forever, one of the main principles of accrual accounting requires that an asset's cost be proportionally ...
  4. Which is better, a fixed or variable rate loan?

    A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest ...
Trading Center