Seven filed for bankruptcy. One was convicted of drunken driving multiple times. Some were found to have forged documents, misrepresented investments to clients or lied about their commissions. Others stole money outright -- including planner Sandra Venetis of Branchburg, N.J., who was convicted of defrauding her clients of more than $11 million over 15 years.

The CFP Board disciplined 24 planners in its most recent thrice-yearly review of disciplinary or ethics allegations. In 13 cases, planners lost their rights to use the CFP designation permanently. Six other planners received suspensions for varying lengths of time, and five received letters of admonition.

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