1 CFP How Specific Adverse Conduct Affects Eligibility Flashcards
Felony conviction for non-violent crime
How does it affect CFP eligibility?
- ≤ 5 years = Presumptive Bar
- > 5 years ago = Other Adverse Conduct
- If related to finance or tax = Unacceptable
Felony conviction for violent crime
How does it affect CFP eligibility?
- < 5 years = Unacceptable
- > 5 years ago = Presumptive Bar
- Murder or rape = always Unacceptable
Felony conviction for murder?
How does it affect CFP eligibility?
Unacceptable
Murder or rape felony conviction = Conduct deemed unacceptable
Felony conviction for theft?
How does it affect CFP eligibility?
Unacceptable
Financial-based felony conviction = Conduct deemed unacceptable
Felony conviction for embezzlement?
How does it affect CFP eligibility?
Unacceptable
Financial-based felony conviction = Conduct deemed unacceptable
Felony conviction for tax fraud?
How does it affect CFP eligibility?
Unacceptable
Tax-related felony conviction = Conduct deemed unacceptable
Felony conviction for perjury?
How does it affect CFP eligibility?
≤ 5 years = Presumptive Bar
> 5 years ago = Other Adverse Conduct
This is a non-violent (non-tax/finance) felony conviction
Revocation of an insurance license?
How does it affect CFP eligibility?
Unacceptable
Revocation of a financial license = Conduct deemed unacceptable (unless admin in nature)
Revocation of a real estate license?
How does it affect CFP eligibility?
Presumptive Bar
Revocation of a non-financial license = Conduct presumed to be unacceptable (unless admin in nature)
Suspension of an accountant license?
How does it affect CFP eligibility?
Presumptive Bar
Suspension of a financial license = Conduct presumed to be unacceptable (unless admin in nature)
Suspension of an attorney license?
How does it affect CFP eligibility?
Presumptive Bar
Revocation of a non-financial license = Conduct presumed to be unacceptable (unless admin in nature)
Customer complaint
How does it affect CFP eligibility?
Other Adverse Conduct
Arbitration or other civil proceedings
How does it affect CFP eligibility?
Other Adverse Conduct
Misdemeanor conviction
How does it affect CFP eligibility?
Other Adverse Conduct
Employer investigations or terminations
How does it affect CFP eligibility?
Other Adverse Conduct
Bankruptcy?
How does it affect CFP eligibility?
2 or more personal or busines bankruptcies =
Presumptive Bar
