Enforcement Updates

Over the past several years, CFP Board updated the ethical standards for CFP® professionals — our Code of Ethics and Standards of Conduct, which became effective October 2019 and has been enforced since June 2020 — and has invested significant resources, both financially and operationally, to strengthen the enforcement of the Code and Standards. As our work to strengthen our enforcement processes has continued, CFP Board has shared frequent updates with CFP® professionals and other stakeholders.

CFP Board’s communications to stakeholders about the enforcement updates can be accessed from the list below.

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March 13, 2024:
CFP Board Adopts Revised Sanction Guidelines, Fitness Standards and Procedural Rules, Effective July 1, 2024

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November 9, 2023:
CFP BOARD TAKES STEP TO ENHANCE ACCOUNTABILITY AND TRANSPARENCY OF PUBLIC SANCTIONS

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September 5, 2023:
CFP Board Requests Comments on Revised Sanction Guidelines and Fitness Standards

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June 15, 2023:
CFP Board Publishes Ethics Report: 2022 Year in Review

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May 16, 2023:
CFP Board Adopts Revised Procedural Rules

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November 14, 2022:
CFP Board Requests Comments on Proposed Revisions to Procedural Rules

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January 19, 2022:
CFP Board Establishes Appeals Commission to Adjudicate Appeals, Appoints Inaugural Members

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November 11, 2021:
CFP Board Increases Sanction for Self-Reporting Failures, Requests Comments on Proposed Appeals Commission

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September 30, 2021:
Our Code and Standards Moves the Financial Planning Profession Forward

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July 28, 2021:
CFP Board Requests Comments on Proposed Revisions to Sanction Guidelines and Procedural Rules

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July 22, 2021:
Financial Planning Article by Tom Sporkin, CFP Board’s Managing Director, Enforcement: What a Former SEC Executive Has Learned about CFP Board’s Enforcement Program

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July 16, 2021:
[VIDEO] CEO Kevin Keller Shares Updates on CFP Board’s Strengthened Enforcement Processes during CFP® Certificant Connection Webinar

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March 12, 2021:
[Video] CEO Kevin Keller Shares Updates on CFP Board’s Strengthened Enforcement Processes during CFP® Certificant Connection Webinar

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March 10, 2021:
CFP Board Holds Virtual Forums on Sanction Guidelines and Fitness Standards and Releases Recording of Forum

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February 21, 2021:
CFP Board foms new commission to review Sanction Guidelines and Fitness Standards

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December 17, 2020:
CFP Board Strengthens Enforcement Program and Opens 1,266 Investigations

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December 1, 2020:
CFP Board Appoints Thomas A. Sporkin as Managing Director, Enforcement

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October 01,2020:
CFP Board Adopts Key Governance Changes to Strengthen Organization, as Part of a Broader Effort to Enhance the Work of the Organization, Which Includes Recent Reforms to Its Enforcement Program

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July 17, 2020:
CEO Kevin Keller Shares Enforcement Update: CFP Board Strengthens the Enforcement Program for its Code of Ethics and Standards of Conduct

 

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July 10, 2020:
[Video] Jack Brod, CFP®, 2020 Chair of CFP Board’s Board of Directors, Shares Updates on CFP Board’s Strengthened Enforcement Processes during CFP Certificant Connection Webinar

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June 30, 2020:
CFP Board Now Enforcing Its Strengthened Code of Ethics and Standards of Conduct for CFP® Professionals

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June 25, 2020:
CFP Board Implements Reforms to Strengthen Enforcement of Its Code of Ethics and Standards of Conduct for CFP® Professionals

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May 29, 2020:
CFP Board Releases Final Procedural Rules for Code of Ethics and Standards of Conduct for CFP® Professionals

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March 26, 202
CFP Board’s Board of Directors Approves Provisions for Conducting Disciplinary Hearings Via Video Conferencing

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March 24, 2020:
CFP Board Requests Comments on Revised Proposed Procedural Rules

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February 04, 2020:
Enforcement, Risk and Compliance Specialists Elected to CFP Board’s Board of Directors

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January 23, 2020:
Wealth Management Interview with Jack Brod, CFP®, 2020 Chair of CFP Board’s Board of Directors: New CFP Board Chair Pledges 'Governance Review and Reform' in 2020

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December 18, 2019:
[Video] Susan John, CFP®, 2019 Chair of CFP Board’s Board of Directors, and Kevin Keller, CFP Board's CEO, Share Updates on the Independent Task Force on Enforcement and the Board of Directors’ Preliminary Response during CFP® Certificant Connection Webinar

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December 17, 2019:
CFP Board Releases Independent Task Force Report & Preliminary Response

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September 17, 2019:
[Video] Susan John, CFP®, 2019 Chair of CFP Board’s Board of Directors, Shares Updates on CFP Board’s Strengthened Enforcement Processes during CFP® Certificant Connection Webinar

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September 3, 2019
CFP Board Announces Members of Independent Task Force on Enforcement

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July 30, 2019:
CFP Board Announces Independent Task Force to Strengthen and Modernize Enforcement

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July 29, 2019:
CFP Board Responds to The Wall Street Journal