CFP Board Seeks to Quash 'Annoyance,' 'Expense' of Lawsuit

Seeking to avoid the "embarrassment," "annoyance" and "expense" of a lawsuit, the CFP Board is asking a federal judge to quash most requests for documents and depositions from two planners who are suing the organization.

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Comments (2)
It is a very sad state of affairs. How the CFPBOS treats others should be considered relevant because it does become a matter of case record and becomes an indication of how they may sanction others. The response from the board should cause each and every member to reflect upon the deal that they are entering into, one which can be altered at any time by the Board - an unfair contract.

I wonder if Mr Keller will burst into flames under oath :-)
Posted by PAT P | Tuesday, December 24 2013 at 1:56PM ET
I disagree with the assertion that the board is making if they feel that how they handled any other compensation case is irrelevant to the Camarda issue. If I recall correctly, part of the suit states that the board acts in a whimsical and capricious manner and I think that it is indeed appropriate for them to be compelled to turn over all documents.

I think further that all correspondence between the wire houses and Keller and other board members should be examined. Lets not be Pollyannas about this issue, Keller's issuing amnesty did not come out of the blue and clearly shows that the board does act in a whimsical and capricious manner.

Furthermore, this is not the year 2000 and attitudes have changed. I would hope that the judge hearing the case finds it offensive reading how the CFPBOS is saying how he will rule.

Ann, to bad that you did not include the judge's contact information so that people could file amicus curiae -
Posted by Consumer A | Thursday, December 26 2013 at 11:04AM ET
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