CFP Licensee Squabbles: Professional or Personal?

Makin, Malcolm A.
April 1996
Journal of Financial Planning;Apr96, Vol. 9 Issue 2, p18
Academic Journal
This article focuses on disputes between the Certified Financial Planner (CFP) licensees which are often the most difficult cases reviewed by the Certified Financial Planner Board of Ethics. It receives complaints such as a licensee making false statements to current and prospective clients about their current planner; a licensee misusing a former relationship with another CFP practitioner; and a licensee who was simply angry with another licensee. It is interesting to note, however, that there have been instances where these types of cases have resulted in the discipline of both parties involved, or even backfired against the complainant. The article gives vivid example of how inter-licensee complaints cross the line. The CFP Board of Ethics investigated a complaint that a designee attempted to lure a prospective client of another CFP practitioner. This unfortunate, yet somewhat amusing case focused on correspondence that the accused had allegedly intercepted from the prospective client of the other designee.


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