A former member of the CFP Board’s disciplinary and ethics commission says the board punished her and the board’s former Chairman Alan Goldfarb to avert the threat of a lawsuit from a pair of planners in Florida.

“They sacrificed us,” says Tina Florence of the dually registered firm Lane Florence in Folsom, Calif. “I think they panicked at [the planners’] allegation that they were being singled out and [the board] rushed to create the appearance that they were being tough on anyone found to be misrepresenting their fees.”

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access