Tr?id=566623520170033&ev=PageView&noscript=1

Ä¢¹½´«Ã½

New CFP Board Chair Plans to Release New Sanction Guidelines by Midyear

Posted on January 20th, 2023 at 2:04 PM
New CFP Board Chair Plans to Release New Sanction Guidelines by Midyear

From the Desk of Jim Eccleston at Ä¢¹½´«Ã½.

The new Certified Financial Planner Board of Standards (CFP Board) chair, Daniel Moisand, has announced a plan to release revised sanction guidelines for public comment by midyear.

Moisand, who is succeeding Kamila Elliot, has worked in the industry for more than 30 years and also has served on the CFP Board’s board of directors since 2020. The revisions are expected to build on the proposed updates announced in February 2021 when the board had appointed a new commission to evaluate changes to its sanction guidelines. Revisions to sanction guidelines were necessary to ensure that the CFP Board can keep up with the realities that CFP professionals regularly face, according to Moisand.

Moisand further announced that the Board has created a stand-alone Code and Standards Enforcement Committee in an effort to improve the Board’s enforcement response. The Board will continue its review of its competency standards for education, examinations, and continuing education, according to Moisand. Moisand estimated that the exhaustive review process likely would take until at least the end of 2025 to complete.

Ä¢¹½´«Ã½ LLC represents investors and financial advisors nationwide in securities, employment, regulatory, CFP and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law, sec

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Jim, Stephany and the whole team were a God send.  Ä¢¹½´«Ã½ felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.

LATEST NEWS AND ARTICLES

1787157891 Law
August 19, 2026
Former UBS Financial Advisor Suspended and Fined Over Unauthorized Trading Allegations

The Financial Industry Regulatory Authority (FINRA) suspended a former UBS Ä¢¹½´«Ã½alth Management USA broker for three months and fined him $10,000 after finding that he executed hundreds of trades in two customers' accounts without the required written authorization.

1787156982 Law
August 19, 2026
FINRA Suspends Former Gradient Securities Advisor

The Financial Industry Regulatory Authority (FINRA) has suspended former Gradient Securities representative Mark J.

1787070589 Law
August 18, 2026
Senior Protection Case Study: Edward Jones and Senior Investor Safeguards

A recent incident involving Edward Jones illustrates how challenging it may be to employ safeguards for protecting older clients from financial exploitation.