CFP Board Reviews Sanction Guidelines The 15-member Commission on Sanctions and Fitness will also look to revise the standards for those who are hoping for CFP certification.
A new Certified Financial Planner Board of Standards commission will reexamine the guidelines the board uses to accept applicants for the CFP designation as well as how CFP professionals should be sanctioned when failing to comply with its code of conduct.
The 15-member Commission on Sanctions and Fitness includes investor protection advocates, state securities regulators, and financial and wealth planning executives from across the industry. CFP Board CEO Kevin Keller called the new commission “fundamental” in strengthening enforcement protocols for implementing its Code of Ethics and Standards of Conduct, which went into effect last June after a multiyear development process.