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CFP Board proposes tougher penalties for hiding misconduct
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Daily Compliance News - July 24, 2021 - The Domestic Corruption Edition | Thomas Fox
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Independent Task Force on Enforcement called for CFP Board to make important reforms. The most significant recommendation was that âCFP Board should substantially increase the resources devoted to ensuring that its enforcement program is reasonably designed to achieve an appropriate level of compliance by CFP certificants with CFP [Boardâs] standards of conduct.â
As an outsider to the organization, I came into the role aware of the public dialogue. I didnât know what to expect from the staff, the CEO or the board of directors. What I found was an organization committed at all levels to a well-funded, first-class enforcement program. I also found that CFP Board had already undertaken much of the work that it needed to get there.