Numerous readers responded to a recent article about the CFP Board sanctioning its former chairman, Alan Goldfarb for selecting fee only and, later, salary to describe his income on a form on the FPA website.
An ad hoc commission of the board concluded his salary may have been composed of commission. The story said that Goldfarb denies that he was being dishonest about the source of his income. In all other communications with clients, he says, he disclosed the fact that his former wealth management firms parent company paid him a salary and owned a broker-dealer.
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