TWO CONEJO FINANCIAL PLANNERS REPRIMANDED.Byline: Deborah Adamson Staff Writer Two financial planners from Conejo Valley were reprimanded for breaching the code of ethics Code of Ethics can refer to:
The Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. Board of Standards has revoked the CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). designation of Deborah Wertz Henke of Newbury Park, formerly an employee at American Express Financial Advisors. Brett S. Ellen of Westlake Village, who works at American Financial Network, was sent a letter of admonition Any formal verbal statement made during a trial by a judge to advise and caution the jury on their duty as jurors, on the admissibility or nonadmissibility of evidence, or on the purpose for which any evidence admitted may be considered by them. . Henke allegedly stole Treasury bonds from her customers and did not respond to inquiries from the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , the regulatory agency for the brokerage industry, the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). said. Henke could not be reached for comment. A representative of her former employer, American Express, said the company does not know how to get in touch with her. Ellen got a letter of admonition, the least severe reprimand from the CFP Board, for recommending unsuitable investments and failing to properly supervise subordinates. However, the board decided on the letter of admonition after noting that Ellen received few complaints over a 20-year work history. Ellen did not return calls for comment. The CFP board is a nonprofit professional regulatory group whose aim is to maintain high standards in financial planning. It bestows the CFP mark on financial planners after vigorous testing, background checks and assurance of continued education. Members are held to a code of ethics. Since 1987, the CFP has publicly disciplined 274 people. There are 34,102 individuals licensed to use the CFP designation nationwide. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion