CFP Board: Disciplinary actions relate to 23 current or former CFP® professionals
CFP Board announced last week public disciplinary actions against the following individuals, effective immediately or on the date noted in each case. Public disciplinary actions taken by CFP Board, in order of increasing severity, include letters of admonition, suspensions and permanent revocations.
Certified Financial Planner Board of Standards, Inc. (CFP Board) is the non-profit certifying and standards-setting organization that administers the Certified Financial Planner certification program and oversees more than 73,970 professionals using the CFP certification in the United States.
According to the CFP Board Release, the disciplinary actions relate to 23 current or former CFP® professionals. Of these actions, there were 5 letters of admonition, 11 suspensions, and 7 administrative revocations.
The basis for each decision can be found in a Disciplinary Action Report on CFP Board’s website. The public may check on an individual’s disciplinary history and certification status with CFP Board at www.CFP.net/verify.
CFP Board’s enforcement process is a critical consumer protection. CFP® professionals agree to abide by CFP Board’s Standards of Professional Conduct (Standards), which includes the Code of Ethics and Professional Responsibility (Code of Ethics), Rules of Conduct and Financial Planning Practice Standards (Practice Standards). The Standards set forth the ethical standards for financial planners who hold the CFP® certification.
CFP Board enforces its ethical standards by investigating incidents of alleged unethical behavior by CFP® professionals. In cases where violations are found, the Disciplinary and Ethics Commission (Commission) may impose discipline ranging from a private censure or public letter of admonition to the suspension or revocation of an individual’s right to use the CFP® marks. CFP Board’s Disciplinary Rules and Procedures (Disciplinary Rules) set forth the process for investigating matters and imposing discipline where violations have been found, according to their website.
The Commission meets at least three times a year to provide a fair, unbiased review of any matter in which a CFP® professional is alleged to have committed violations of the Standards.
The Commission functions in accordance with the Disciplinary Rules and reviews all matters on a case-by-case basis, taking into account the details specific to an individual case. While CFP Board has attempted to capture the details relevant to each decision, the summary nature of these releases may omit certain details affecting the decision. Accordingly, the decisions and/or rationale described in the releases may not apply to other cases reviewed by the Commission or reflect the Commission’s future interpretation or application of the Standards.
CFP Board Disciplinary Actions
|Alabama||Charles J. McCarn||Birmingham||Letter of Admonition|
|Arkansas||Adam J. Kuettel||Bentonville||Suspension|
|California||Tiffany Peacock Asakawa||Huntington Beach||Administrative Revocation|
|California||W. Jon Bettis||Carlsbad||Suspension|
|California||Amy Sam Ho||Arcadia||Automatic Interim Suspension|
|California||Eric W. Kuchel||Brea||Administrative Revocation|
|California||Edward A. Rusowicz, CFP®||Irvine||Letter of Admonition|
|Colorado||Christopher S. Scott, CFP®||Colorado Springs||Letter of Admonition|
|Florida||Stuart Horowitz||Coral Springs||Administrative Revocation|
|Florida||Andrew G. Rosenberg||Weston||Administrative Revocation|
|Florida||Bruce M. Weinstein||Boca Raton||Automatic Interim Suspension|
|Georgia||Brian Sullivan, CFP®||Alpharetta||Letter of Admonition|
|Kentucky||Hampton Scurlock, III||Lexington||Suspension|
|Maryland||Sharon J. Fall||Chester||Administrative Revocation|
|Maryland||Cory D. Williams||Monkton||Administrative Revocation|
|Minnesota||Daniel M. Myers||Woodbury||Suspension|
|Missouri||Sheldon Jay Harber||St. Louis||Suspension|
|New Jersey||Brian P. Carr||Chatham||Suspension|
|Ohio||Douglas S. Miller||Toledo||Automatic Interim Suspension|
|Pennsylvania||Theodore P. Williams||East Earl||Suspension|
|Utah||Laurence D. Black||Park City||Administrative Revocation|
|Washington||William M. Swayne, II||Seattle||Suspension|
|Wisconsin||Scott A. Larsen, CFP®||Kenosha||Letter of Admonition|
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, please call The White Law Group at 1-888-637-5510. For more information on our firm, please visit www.whitesecuritieslaw.com.
Tags: CFP Board Andrew G Rosenberg, CFP Board disciplinary actions, CFP board discipline list 2017, CFP Board Eric Kuchel, CFP Board ethical standards, CFP Board Stuart Horowitz, Chicago FINRA attorney, Chicago securities attorney, Vero Beach securities attorney Last modified: April 3, 2019