MAH Advising for CFP Board Concerns

As we represent financial advisors in investigations, complaints, and other disciplinary actions brought by the Certified Financial Planner Board of Standards, Inc. (“CFP Board”), MAH Advising also represents investors in civil legal actions initiated by other government and private entities. Professional conduct includes following the CFP Board’s Standards of Conduct by CFP designation holders.

A number of events can trigger CFP investigations and actions, such as criminal matters, regulatory actions, customer arbitrations, by CFTC, FINRA, SEC, and national regulators, terminations of employment, bankruptcies, and reports from other CFPs.

In the event of violations of CFP rules, sanctions can include a private censure, a public letter of admonition, suspension of the right to use the mark for up to five years, or even permanent removal of the CFP designation. 

Notice of investigation from the CFP

CFP Notices of Investigation are sent to the CFP Certificant at the beginning of the process. It is essential to understand what the allegations are, and the sanctions that could be imposed as a  result. Respondents and Answerers have only a limited amount of time to respond in writing!

Besides giving an advisor an opportunity to respond to the allegations, the board may issue a CFP Complaint after reviewing the response. The financial advisor must file an Answer or be reprimanded.

MAH Advising Expertise for CFP Board Matters

We can provide unparalleled assistance to you if you receive a CFP Notice of Investigation, CFP Complaint or Presumption of Bar as a CFP Candidate. Keeping your right to use the CFP marks is not impossible if you follow the steps below.

  • Evaluation and development of factual defenses;
  • Developing legal defenses by reviewing CFP Board rules and CFP case history;
  • Responding to investigations requested by CFP;
  • Answering complaints about CFPs;
  • Disciplinary CFP Hearing fees can be avoided by offering settlement offers;
  • Obtaining CFP® re-certification and consulting on it;
  • Establishing the criteria for eligibility for reinstatement for candidates; and
  • Making an appearance on your behalf at the CFP Hearing.

In addition, as experienced and skilled securities consultant firm, we can still provide valuable advice in connection with the underlying issue that prompted CFP’s investigation, whether a customer complaint, an investor lawsuit, or a termination of employment.

Renewal of Your CFP Certification

The CFP certification renewal form requires applicants to disclose whether they have ever been involved in an inquiry, investigation, or case by any civil, criminal, governmental agency, self-regulatory organization, or other organization. Regulatory agencies may be able to report events that would otherwise not be reported to your broker-dealer, employer, or regulator. Contact MAH Advising to discuss your CFP Board matter if you have any questions or concerns regarding your reporting obligations.

Disclaimer: We are consultants, not lawyers, this is not legal advice. We work with the top law firms when the practice of law is required.