CFP Board Censures Improper CFP® Certificant Conduct
Washington, DC, May 18, 2010 — Certified Financial Planner Board of Standards, Inc. announces public disciplinary actions against the following individuals’ right to use the CFP® certification marks, effective immediately.
|Arizona||Christopher J. Dietz||Surprise||Revocation|
|Arkansas||Dawn M. Hanson||Garfield||Revocation|
|California||Theodore A. Lange||Carlsbad||Letter of Admonition|
|Colorado||Kent A. Fairweather||Denver||Suspension|
|Brent L. Marvin||Highlands Ranch||Revocation|
|Florida||Jason E. Stephens||Naples||Suspension|
|Indiana||Louis G. Mohlman||Leo||Revocation|
|Iowa||Mark A. Geertsma||Independence||Suspension|
|Minnesota||Lance J. Ziesemer||Waconia||Suspension|
|Missouri||C. Rodney George||Saint Louis||Revocation|
|New Jersey||Robert S. Allen||Secaucus||Suspension|
|Theodore E. Payne||Upper Montclair||Suspension|
|New York||Peter J. Dawson||Albion||Revocation|
|Ellen M. Douglas||Roslyn||Suspension|
|Ohio||Gino N. Chiappetta||Millbury||Suspension|
|Rhode Island||David F. Brochu||Providence||Suspension|
|South Carolina||Wayne Cassaday||Mount Pleasant||Suspension|
|Texas||Jesse L. Dietz||Baytown||Suspension|
|Kathryn B. Farland||Plano||Revocation|
|Lawrence L. Richter||San Antonio||Revocation|
|Virginia||Michael J. Bennington||Danville||Revocation|
Public disciplinary actions taken by CFP Board, in order of increasing severity, include letters of admonition, suspensions and permanent revocations. The basis for each decision can be found in a Disciplinary Action Report on CFP Board’s Web site. Consumers may check on any planner’s disciplinary history and certification status with CFP Board at www.CFP.net/search.
CFP Board’s Standards of Professional Conduct, which includes the Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards, sets 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, and following the procedures established in CFP Board’s Disciplinary Rules and Procedures. In cases where violations are found, CFP Board may impose discipline ranging from a private censure or public letter of admonition to the suspension or revocation of the right to use the CFP® marks. The Disciplinary Rules and Procedures set forth a fair process for investigating matters and imposing discipline where necessary.
CFP Board’s enforcement process is a critical consumer protection. CFP® practitioners agree to abide by CFP Board’s Standards of Professional Conduct, which sets forth their ethical responsibilities to the public, clients and employers. CFP® practitioners agree to act fairly and diligently when providing clients with financial planning advice and services, putting the clients’ interests first.
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