As 13 certified financial planners found out earlier this week, crime doesn’t pay if you want to keep this prestigious designation.

Michael Shaw, managing director of professional standards and legal at the CFP Board, otherwise known as its head of enforcement, has several words of advice for certified financial planners who are accused of doing just a little bit more than the law will allow: Come clean and cooperate with an investigation, and you might get to keep it.

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