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News Release

CFP Board Imposes Interim Suspension on Raymond A. Erker

October 03, 2018
Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an automatic interim suspension of Raymond A. Erker’s CFP® certification, which was effective September 28, 2018.

CFP Board imposed an automatic interim suspension after receiving evidence that Mr. Erker was convicted, by a jury in the State of Ohio, of two felonies: Burglary and Menacing by Stalking.

Pursuant to Article 5.7 of CFP Board’s Disciplinary Rules and Procedures (Disciplinary Rules), “[a]n interim suspension shall immediately be issued without a hearing when CFP Board Counsel receives evidence of a conviction … in accordance with Article 13.1 for… felony conviction for any crime.” Under the automatic interim suspension order, Mr. Erker’s right to use the CFP® certification marks is suspended pending CFP Board's completed investigation and possible further disciplinary proceedings.

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, Rules of Conduct and Financial Planning 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 violations and, where there is probable cause to believe there are grounds for discipline, presenting a Complaint containing the alleged violations to the CFP Board’s Disciplinary and Ethics Commission (Commission) pursuant to CFP Board’s Disciplinary Rules and Procedures (Disciplinary Rules). If the Commission determines there are grounds for discipline, it may impose a sanction ranging from a private censure or public letter of admonition to the suspension or revocation of the right to use the CFP® marks. CFP Board’s Disciplinary Rules set forth the process for investigating matters and imposing discipline where violations have been found.