CFP Board Discloses Bankruptcies by CFP® Professionals and Retracts
Select Previous Bankruptcy-Only Discipline
WASHINGTON, Oct. 22, 2012
/PRNewswire-USNewswire/ -- Certified Financial Planner Board
of Standards, Inc. announced today the names of those CFP®
professionals who have declared bankruptcy within the last five
years and, under new rules that took effect July 1, 2012, are not subject to disciplinary
procedures but will have their bankruptcy disclosed. CFP Board also
announced that it has retracted, at their request, disciplinary
action taken against seven CFP® professionals.
Under the new rules approved by the Board of Directors, CFP
Board will no longer investigate, and the Disciplinary and Ethics
Commission will no longer adjudicate, bankruptcy-only cases.
Rather, CFP Board will verify the bankruptcy, then note the
bankruptcy filing on the CFP® professional's public
profile, which is available through the search functions on CFP
Board's website www.CFP.net. CFP Board will also share with
consumers and other stakeholders who contact CFP Board regarding a
CFP® professional's certification status the information
in the CFP® professional's public profile, including
identifying whether the CFP® professional has filed
bankruptcy. After this initial release, CFP Board will disclose
these bankruptcies four times year – once after each quarter has
ended, beginning in January 2013,
which covers the fourth quarter of 2012. All disclosures regarding
a bankruptcy filed by a CFP® professional will remain on
CFP Board's website for 10 years from the earlier of the date the
CFP® professional disclosed the bankruptcy to CFP Board
or the date CFP Board became aware of the
bankruptcy.
The public may review an individual's bankruptcy information and
certification status with CFP Board at www.CFP.net/search. For
more detail regarding a CFP® professional's bankruptcy
filing, please visit the U.S. Court's Public Access to Court
Electronic Records ("PACER") website, which can be found at
https://pacer.login.uscourts.gov/cgi-bin/login.pl?court_id=00pcl.
Please note that you will be required to register and pay a nominal
fee to view the information.
The new rules also provided any CFP® professional
who, as a result of having a bankruptcy-only case, received a
public discipline from CFP Board with the option of applying the
bankruptcy disclosure procedure retroactively. Public
discipline includes revocation, suspension and public letter of
admonition. CFP Board also provided these individuals with the
option of having CFP Board issue a press release retracting the
previous public discipline. The individuals listed below have
elected to have CFP Board issue a press release retracting their
previously issued public discipline:
Name
|
City
|
State
|
Date of
Original Press Release
|
Maher,
Brian G.
|
San
Diego
|
California
|
June
2011
|
Payne,
Theodore
|
Morristown
|
New
Jersey
|
May
2010
|
Satterfield, Christopher
|
Avondale
|
Arizona
|
September
2010
|
Stelman,
John
|
Lake
Orion
|
Michigan
|
September
2010
|
Raphael,
John H.
|
Walnut
Creek
|
California
|
October
2011
|
Adutwum,
Kwado
|
San
Jose
|
California
|
September
2010
|
Brumbaugh,
Beverly
|
Denmark
Township
|
Minnesota
|
September
2010
|
This disclosure of these 112 names is made pursuant to CFP
Board's new rules regarding single-bankruptcy cases. The
release of the information below does not constitute discipline of
these individuals and is provided only for purpose of providing
consumers with adequate information to make an informed decision
with regard to engaging a CFP® professional to assist
with financial decisions.
NAME
|
LOCATION
|
STATE
|
BANKRUPTCY TYPE
|
FILING
DATE
|
Thomas
Bugbee, CFP®
|
Phoenix
|
Arizona
|
Personal
|
2/15/2008
|
Ryon K.
Frisch, CFP®
|
Mesa
|
Arizona
|
Personal
|
3/18/2010
|
Patricia L. Harrison, CFP®
|
Phoenix
|
Arizona
|
Personal
|
6/19/2009
|
John H.
Kroeger, CFP®
|
Phoenix
|
Arizona
|
Personal
|
9/30/2010
|
Donald J.
Magdon, Jr., CFP®
|
Tempe
|
Arizona
|
Personal
|
9/14/2010
|
Christopher T. Satterfield, CFP®
|
Avondale
|
Arizona
|
Personal
|
2/13/2008
|
Roger P.
Simard, CFP®
|
Gilbert
|
Arizona
|
Personal
|
2/16/2010
|
Thomas L.
Steele, CFP®
|
Chandler
|
Arizona
|
Personal
|
12/16/2011
|
Kwadwo O. Adutwum, CFP®
|
San
Jose
|
California
|
Personal
|
7/29/2008
|
Michael J.
Altobell, CFP®
|
Roseville
|
California
|
Personal
|
11/1/2007
|
Jeremy T.
Armitage, CFP®
|
Roseville
|
California
|
Personal
|
1/30/2009
|
Cindi
Hill, CFP®
|
San
Diego
|
California
|
Personal
|
9/17/2010
|
Amir H.
Lozani, CFP®
|
San
Diego
|
California
|
Personal
|
5/27/2011
|
Brian G.
Maher, CFP®
|
San
Diego
|
California
|
Personal
|
11/25/2009
|
Howard E.
Marchbanks, III, CFP®
|
Santa
Ana
|
California
|
Personal
|
12/20/2011
|
John E.
Molnar, CFP®
|
Danville
|
California
|
Personal
|
6/4/2009
|
Shawn Alan
Murphy, CFP®
|
San Luis
Obispo
|
California
|
Personal
|
7/1/2008
|
Kenton
Thomas Oakes, CFP®
|
El
Cajon
|
California
|
Personal
|
5/4/2011
|
Alyce F.
Peterson, CFP®
|
Aliso
Viejo
|
California
|
Business
|
12/17/2010
|
John H.
Raphael, CFP®
|
Walnut
Creek
|
California
|
Personal
|
10/14/2010
|
Richard R.
Robbins, Jr., CFP®
|
Palmdale
|
California
|
Personal
|
1/29/2010
|
James W.
Stockton, CFP®
|
Antioch
|
California
|
Personal
|
8/9/2011
|
Robin L.
Howard, CFP®
|
Littleton
|
Colorado
|
Personal
|
10/4/2011
|
Patrick
McKim, CFP®
|
Denver
|
Colorado
|
Personal
|
1/31/2011
|
George
Robert Douglas, CFP®
|
West Palm
Beach
|
Florida
|
Personal
|
8/10/2009
|
Richard
Eugene Ehrlich, CFP®
|
Sunrise
|
Florida
|
Personal
|
2/26/2009
|
Pamela H.
Gerrish-Nelson, CFP®
|
Atlantic
Beach
|
Florida
|
Personal
|
3/31/2009
|
Bryan S.
Girgenti, CFP®
|
Casselberry
|
Florida
|
Personal
|
8/20/2009
|
Mr. Jorge
L. Gutierrez, CFP®
|
Miami
|
Florida
|
Personal
|
6/30/2010
|
Bernard
Kiesel, CFP®
|
Maitland
|
Florida
|
Personal
|
2/18/2010
|
Steven M.
Leahing, CFP®
|
Miami
Lakes
|
Florida
|
Personal
|
12/31/2009
|
Michael
Marangiello, CFP®
|
Trinity
|
Florida
|
Personal
|
7/6/2009
|
Leonardo
Nunez, CFP®
|
Pembroke
Pines
|
Florida
|
Personal
|
8/18/2010
|
Stephen D.
Ostrofsky, CFP®
|
Boyton
Beach
|
Florida
|
Personal
|
1/27/2009
|
Joseph
Regenstein, IV, CFP®
|
Oviedo
|
Florida
|
Personal
|
12/24/2008
|
Eileen
Santana, CFP®
|
Miami
|
Florida
|
Personal
|
8/27/2009
|
Jeffrey J.
Wilson, CFP®
|
Jacksonville
|
Florida
|
Personal
|
4/19/2010
|
Joseph L.
Briner, CFP®
|
Alpharetta
|
Georgia
|
Personal
|
2/28/2010
|
Eric B.
Goldstein, CFP®
|
Savannah
|
Georgia
|
Personal
|
5/7/2010
|
Jeff
Howard, CFP®
|
Marietta
|
Georgia
|
Personal
|
12/18/2008
|
Nichole
Clare Kaiser, CFP®
|
Covington
|
Georgia
|
Personal
|
8/8/2011
|
Paul E.
Wiser, Sr., CFP®
|
Kennesaw
|
Georgia
|
Personal
|
10/2/2009
|
Timothy W.
Elafros, Sr., CFP®
|
O
Fallon
|
Illinois
|
Personal
|
7/26/2006
|
Mark
Essenfeld, CFP®
|
Aurora
|
Illinois
|
Personal
|
4/29/2009
|
Daniel R.
Harris, CFP®
|
Dekalb
|
Illinois
|
Personal
|
5/26/2011
|
Jennifer
L. Kilby, CFP®
|
Chicago
|
Illinois
|
Personal
|
9/27/2010
|
Franklyn
N. Phillip, CFP®
|
Gilberts
|
Illinois
|
Personal
|
11/30/2010
|
Jerold
Wright, CFP®
|
Chicago
|
Illinois
|
Personal
|
9/15/2011
|
Miyoung
Yook, CFP®
|
Northbrook
|
Illinois
|
Personal
|
12/31/2009
|
Craig
Allen Bond, CFP®
|
Indianapolis
|
Indiana
|
Personal
|
3/17/2011
|
Warren A.
Ward, CFP®
|
Columbus
|
Indiana
|
Personal
|
9/21/2009
|
Gary L.
Blevins, CFP®
|
Wichita
|
Kansas
|
Personal
|
7/10/2007
|
Kathryn
Ann Minx, CFP®
|
Louisville
|
Kentucky
|
Personal
|
3/2/2010
|
Thomas R.
Campi, Jr., CFP®
|
Saint
Michaels
|
Maryland
|
Personal
|
12/28/2011
|
William F.
Cole, CFP®
|
California
|
Maryland
|
Personal
|
2/28/2010
|
Todd
Michael Feldman, CFP®
|
Gaithersburg
|
Maryland
|
Personal
|
3/28/2012
|
Eric Seong
Su Kim, CFP®
|
Laurel
|
Maryland
|
Personal
|
7/30/2008
|
Leonard P.
Raskin, CFP®
|
Sparks
|
Maryland
|
Personal
|
8/25/2011
|
Christopher M. Reilly, CFP®
|
Yarmouth
|
Maine
|
Personal
|
10/10/2008
|
John P.
Stelman, CFP®
|
Lake
Orion
|
Michigan
|
Personal
|
8/7/2009
|
Beverly M.
Brumbaugh, Jr.
|
Denmark
Township
|
Minnesota
|
Personal
|
11/30/2009
|
Brent W.
Mueller, CFP®
|
Northfield
|
Minnesota
|
Personal
|
7/9/2009
|
Joseph P.
Hipp, CFP®
|
Saint
Louis
|
Missouri
|
Personal
|
7/12/2011
|
Kelly L. Stonebarger, CFP®
|
Saint
Charles
|
Missouri
|
Personal
|
12/21/2011
|
John E.
Matheny, Jr., CFP®
|
Mooresville
|
North
Carolina
|
Personal
|
12/21/2009
|
Jeffrey B.
Kantar, CFP®
|
Alton
|
New
Hampshire
|
Personal
|
8/31/2009
|
Allen C.
Grommet, CFP®
|
Wyckoff
|
New
Jersey
|
Personal
|
6/17/2011
|
Theodore
E. Payne, CFP®
|
Morristown
|
New
Jersey
|
Personal
|
1/7/2009
|
Larry K.
Eisenzimer, CFP®
|
Las
Vegas
|
Nevada
|
Personal
|
4/25/2012
|
Michael E.
Brown, CFP®
|
Clifton
Park
|
New
York
|
Personal
|
3/24/2011
|
Jacqueline
G. Darien, CFP®
|
LARCHMONT
|
New
York
|
Personal
|
6/13/2011
|
Jeremy L.
Baynes, CFP®
|
Streetsboro
|
Ohio
|
Personal
|
6/15/2010
|
Mary K.
Cottom-McMillan, CFP®
|
North
Ridgeville
|
Ohio
|
Personal
|
9/21/2010
|
Nicola D.
DiPaolo, CFP®
|
Dublin
|
Ohio
|
Personal
|
2/8/2010
|
Mick D.
Porter, CFP®
|
Ottawa
Hills
|
Ohio
|
Personal
|
10/19/2009
|
Linda J.
Wilber, CFP®
|
Akron
|
Ohio
|
Personal
|
11/13/2009
|
David L.
Almond, CFP®
|
Sherwood
|
Oregon
|
Personal
|
7/6/2010
|
Shalisa
Green Pierce, CFP®
|
Salem
|
Oregon
|
Personal
|
9/26/2011
|
Donald
Johnston Prescott, CFP®
|
Medford
|
Oregon
|
Personal
|
12/17/2009
|
Benjamin
Lane Carrick, CFP®
|
Memphis
|
Tennessee
|
Personal
|
9/1/2011
|
Lois Ann
Carrier, CFP®
|
Johnson
City
|
Tennessee
|
Personal
|
7/8/2009
|
David L.
Maurice, CFP®
|
Johnson
City
|
Tennessee
|
Personal
|
7/8/2009
|
Michael S.
Walker, CFP®
|
Franklin
|
Tennessee
|
Personal
|
3/26/2010
|
Jesse L.
Dietz, CFP®
|
Houston
|
Texas
|
Personal
|
7/31/2007
|
Brian N.
Everett, CFP®
|
Plano
|
Texas
|
Business
|
10/30/2008
|
Hector
Hinojosa, CFP®
|
Fort
Worth
|
Texas
|
Personal
|
11/19/2008
|
Andrew B.
McClain, CFP®
|
San
Antonio
|
Texas
|
Personal
|
1/23/2009
|
Brandon R.
Parkhurst, CFP®
|
Round
Rock
|
Texas
|
Personal
|
10/26/2011
|
Mitch
Seaborn, CFP®
|
San
Antonio
|
Texas
|
Personal
|
11/23/2010
|
Lea B.
Zachry, CFP®
|
Fort
Worth
|
Texas
|
Personal
|
4/29/2010
|
Jessica M.
Jacques, CFP®
|
Ogden
|
Utah
|
Personal
|
9/9/2008
|
Vincent M.
Lopez, CFP®
|
Murray
|
Utah
|
Personal
|
2/3/2010
|
Chad E.
Loveland, CFP®
|
Saint
George
|
Utah
|
Personal
|
1/27/2012
|
Elvin H.
Edmonds, III, CFP®
|
Hopewell
|
Virginia
|
Personal
|
7/27/2011
|
Jeffrey
Eveland, CFP®
|
Leesburg
|
Virginia
|
Personal
|
12/19/2008
|
Kevin W.
Miller, CFP®
|
Williamsburg
|
Virginia
|
Personal
|
12/18/2009
|
Brent F.
Arnold, CFP®
|
Lynnwood
|
Washington
|
Personal
|
11/17/2009
|
Storm
McNeil, CFP®
|
Maple
Valley
|
Washington
|
Personal
|
8/24/2009
|
Robert M.
Myrick, CFP®
|
Renton
|
Washington
|
Personal
|
6/29/2011
|
Linda G.
Stubblefield, CFP®
|
Bellevue
|
Washington
|
Personal
|
7/19/2010
|
Toni L.
Taft, CFP®
|
Bellingham
|
Washington
|
Personal
|
1/6/2010
|
Daniel J.
Tresch, CFP®
|
Camas
|
Washington
|
Personal
|
2/17/2010
|
Jeffrey D.
Guse, CFP®
|
Watertown
|
Wisconsin
|
Personal
|
11/14/2011
|
Charles J.
Housner, CFP®
|
Fitchburg
|
Wisconsin
|
Personal
|
3/31/2010
|
Kathryn
Lea Jacobs, CFP®
|
Stevens
Point
|
Wisconsin
|
Personal
|
3/17/2008
|
ABOUT CFP BOARD
The mission of Certified Financial Planner Board of
Standards, Inc. is to benefit the public by granting the
CFP® certification and upholding it as the recognized
standard of excellence for personal financial planning. The Board
of Directors, in furthering CFP Board's mission, acts on behalf of
the public, CFP® certificants and other stakeholders.
CFP Board owns the certification marks CFP®, Certified
Financial Planner™, the federally registered CFP (with flame
design) and the plaque design in the U.S., which it awards to
individuals who successfully complete CFP Board's initial and
ongoing certification requirements. CFP Board currently
authorizes more than 66,000 individuals to use these marks in the
U.S.
SOURCE Certified Financial Planner Board of Standards, Inc.