The Certified Financial Planner Board of Standards adopted revised Procedural Rules that it stated Tuesday will turn out to be efficient Sept. 1.
As soon as they take impact, the brand new guidelines will “govern in all proceedings then pending or thereafter commenced,” CFP Board stated.
The Procedural Guidelines define processes for investigating alleged misconduct and implementing CFP Board’s Code of Ethics and Standards of Conduct in a way that it says was “designed to be honest to these whose conduct is being evaluated in addition to credible to the general public.”
One change within the revised Procedural Guidelines is that some administrative capabilities will likely be transferred from the CFP Board enforcement division to its adjudication division, the group stated.
Moreover, the function of Disciplinary and Ethics Fee Counsel has been expanded to “make the adjudication course of extra environment friendly, get rid of settlement counteroffers, allow pre-investigation outreach and set up a course of for admitting professional testimony,” CFP Board stated.
“The revised Procedural Guidelines replicate our ongoing efforts to carry CFP professionals to rigorous requirements of conduct and to uphold the belief that purchasers place in them,” in response to Kevin R. Keller, CFP Board CEO.
