Defending Against Alleged Violations of the CFP’s Code of Ethics and Standards of Conduct
Financial professionals who have the CFP designation are required to uphold the high standards outlined in the CFP’s Code of Ethics and Standards of Conduct. Failing to do so puts your ability to use the CFP designation at risk.
When a client complains, or the CFP Board becomes aware of any type of negative regulatory disclosure, you can expect to receive an investigation notice. The CFP Board will then typically conduct an investigation to determine whether you violated the CFP Board’s Code of Ethics and Standards of Conduct. If you receive an inquiry from the CFP Board, having experienced counsel guide you through the process is vital to avoiding discipline that may impact your ability to continue to maintain the CFP Board designation that you worked hard to obtain.
At Lewitas Hyman, our attorneys have represented numerous clients in matters pending before the CFP Board. Our approach is tailored to each matter, but generally involves the following:
- Counseling on the applicable CFP Board’s rules and regulations.
- Responding to the CFP Board’s inquires on your behalf.
- Representing you in CFP Board hearings.
In addition to assisting with CFP investigations, we assist financial professionals with all reporting requirements when renewing their CFP certification.
For more information relating to CFP Board investigations and discipline, contact Lewitas Hyman at (312) 291-4600 or through our online contact form for a free consultation.