Bryant - Course 1. Introduction to Financial Planning - Module 8. CFP Board's Procedural Rules Flashcards
A Respondent must deliver a written Answer to an Amended Complaint no later than the later of ____________ of delivery of the Amended Complaint or the date an Answer to the original Complaint was due.
- 45 calendar days
- 14 calendar days
- 60 calendar days
- 30 calendar days
14 calendar days
A Respondent must deliver a written Answer to an Amended Complaint no later than the later of 14 calendar days of delivery of the Amended Complaint or the date an Answer to the original Complaint was due.
The Hearing Panel is comprised of at least ___ persons.
- Three
- nine
- two
- five
Three
A Hearing Panel must consist of at least three persons.
A majority of the Hearing Panel must be CFP® professionals, and a majority must be DEC members.
If CFP Board Counsel finds probable cause to believe that Respondent violated the Code and Standards or the Pathway to CFP® Certification Agreement, then CFP Board Counsel must take one or more of the following actions:
I. Letter of Dismissal
II. Suspension
III. Settlement Offer
IV. Complaint
- I and III
- II only
- IV only
- I, III, and IV
I, III, and IV
If CFP Board Counsel finds probable cause to believe that Respondent violated the Code and Standards or the Pathway to CFP® Certification Agreement, then CFP Board Counsel must take one or more of the following actions:
1. Letter of Dismissal
2. Settlement Offer
3. Complaint
Which of the following only applies to Respondents who are currently not CFP® professionals?
I. Temporary Bar
II. Permanent Bar
- Neither I nor II
- II only
- I only
- Both I and II
Both I and II
Temporary Bar and Permanent Bar status only applies to Respondents that are not currently CFP® professionals.
A suspension of a CFP® professional’s Certification and Trademark License during the pendency of proceedings is referred to as a(n)
- Public Censure
- Interim Suspension
- Temporary Bar
- Revocation
Interim Suspension
An interim suspension is a suspension of a CFP® professional’s Certification and Trademark License during the pendency of proceedings.
An Order of Interim Suspension is a temporary sanction and does not preclude CFP Board from imposing a final sanction.
Which of the following reviews and decides all appeals?
- CFP Board Counsel
- Disciplinary and Ethics Committee (DEC)
- Appeals Committee
- Hearing Panel
Appeals Committee
The Appeals Committee of the Board of Directors will review and decide all appeals.
The Appeals Committee will be represented by counsel, including during any hearing.
Place the following sanctions in order of severity, from lowest to highest:
I. Revocation
II. Private Censure
III. Suspension
IV. Public Censure
- II, IV, I, III
- I, III, II, IV
- II, IV, III, I
- IV, II, I, III
II, IV, III, I
The Sanctions in the CFP Board Procedural Rules, listed in order of severity from lowest to highest are as follows:
1. Private Censure
2. Public Censure
3. Suspension
4. Revocation
Each of the following have a 45 calendar day deadline EXCEPT
- Present Stipulations
- Present Documents
- Notice Identifying Witnesses
- Provide Written Statements
Notice Identifying Witnesses
No later than 30 calendar days after delivery of the Complaint or the filing of a Petition, or by a time the DEC Chair otherwise specifies, each party must file a notice identifying all witnesses.
Which of the following sanctions is a written reproach of Respondent that CFP Board publishes in accordance with Article 17.7 (General Provisions, Publication) of the Procedural Rules?
- Suspension
- Temporary Bar
- Private Censure
- Public Censure
Public Censure
A public censure is a written reproach of Respondent that CFP Board publishes in accordance with Article 17.7 (General Provisions, Publication).
At the commencement of an investigation, a Respondent must deliver to CFP Board Counsel a document acknowledging receipt of the Notice of Investigation within ____________from delivery to Respondent of the Notice of Investigation.
- 30 calendar days
- 14 calendar days
- 60 calendar days
- 45 calendar days
30 calendar days
Respondent must deliver to CFP Board Counsel a document acknowledging receipt of the Notice of Investigation within 30 calendar days from delivery to Respondent of the Notice of Investigation.
