Disciplinary Actions against Eric Kuchel just announced
Certified Financial Planner Board of Standards, Inc. (CFP Board) announced last week public disciplinary actions against Eric Kuchel, Brea, CA: In November 2016, CFP Board issued an order permanently revoking Kuchel’s right to use the CFP® certification marks. According to the release, this discipline followed Kuchel’s failure to file an answer to CFP Board’s Complaint within the required timeframe.
CFP Board’s Complaint alleged, among other things, that Eric Kuchel was the subject of a Default Decision from the Financial Industry Regulatory Authority, Inc. (FINRA) in connection with his failure to appear for testimony during FINRA’s investigation surrounding various mutual fund transactions at Kuchel’s broker-dealer.
FINRA’s Default Decision (see FINRA Case #2015047966701) permanently barred him from association with any FINRA member in any capacity. According to FINRA, The sanction was based on findings that Kuchel allegedly failed to provide complete testimony to FINRA during the course of an investigation into mutual fund transactions that occurred at his member firm. The findings stated that Kuchel did not substantially comply with the request for his testimony and failed to appear for his rescheduled testimony. Purportedly, Kuchel’s delays, and ultimate failure to provide his testimony, impeded FINRA’s investigation.
CFP Board’s Complaint also alleged that Kuchel failed to cooperate with CFP Board’s investigation. Kuchel’s revocation was effective as of December 5, 2016.
What is CFP Board?
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 FINRA’s BrokerCheck, Eric Kuchel was registered with LPL Financial in Brea, CA from 11/2014 – 11/2015 and with Crown Capital Securities in Brea, CA from 07/2007 – 11/2014. He has eight disclosure events listed on his Broker Report including five customer disputes for allegations of unauthorized trades.
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.
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