CFP Board Discloses Bankruptcies by CFP® Professionals

Date : 12/06/2018 @ 7:00PM
Source : PR Newswire (US)

CFP Board Discloses Bankruptcies by CFP® Professionals

WASHINGTON, Dec. 6, 2018 /PRNewswire/ -- Certified Financial Planner Board of Standards, Inc. announces today the names of CFP® professionals who (i) have filed for protection or been named as a debtor in an involuntary bankruptcy petition that has not been dismissed under the United States Bankruptcy Code within the last five years; and (ii) have (a) obtained confirmation of a plan under Chapter 11 or Chapter 13 of the United States Bankruptcy Code or (b) received a discharge under the United States Bankruptcy Code. Under the CFP Board rules that took effect July 1, 2012, these CFP® professionals are not subject to disciplinary procedures but will have their bankruptcy disclosed.

Certified Financial Planner Board of Standards, Inc. Logo (PRNewsfoto/Certified Financial Planner Boa)

CFP Board does not investigate, and the Disciplinary and Ethics Commission does not adjudicate, matters involving only a single bankruptcy. Rather, CFP Board verifies that the CFP® professional has filed a petition for bankruptcy within the last five years and that the bankruptcy court has adjudicated the bankruptcy.  CFP Board then discloses the bankruptcy on the CFP® professional's public profile, which is available through the search functions on CFP Board's website. 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 was the subject of a bankruptcy petition. All disclosures regarding a CFP® professional's bankruptcy 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, 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.

This disclosure of these names is made pursuant to CFP Board's rules regarding single-bankruptcy cases and covers the second and third quarters of 2018. The release of the information below does not constitute discipline of these individuals and is provided only for purposes 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






Mr. Charles S. Cannon, CFP®

Portland

OR

Personal

November 2016






Mr. Erlee James Clark, CFP®

Tampa

FL

Personal

November 2016






Mr. Sean Luigi Covi, CFP®

Denver

CO

Personal

June 2018






Mr. Joseph Ellison, CFP®

Los Angeles

CA

Personal

July 2014






Ms. Melissa A. Frederick, CFP®

Newark

NJ

Personal

February 2018






Mr. Rommel Garcia, CFP®

Gainesville

FL

Personal

December 2015






Ms. Julian Locke, CFP®

St. Paul

MN

Personal

April 2015






Ms. Heather Rae Nidetch, CFP®

New York

NY

Personal

August 2015






Mr. James R. Ouellette, CFP®

Concord

NH

Personal

March 2018






Ms. Mary A. Reinoehl, CFP®

Philadelphia

PA

Personal

August 2016






Mr. Dwight W. Rich, CFP®

Louisville

KY

Personal

August 2017






Mr. Frederick Allen Rich, CFP®

Fresno

CA

Personal

May 2015

ABOUT CFP BOARD

Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S.  CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning.  CFP Board, along with its Center for Financial Planning, is committed to increasing the public's awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms as the standard for financial planning, CFP® certification is held by over 82,000 people in the United States.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cfp-board-discloses-bankruptcies-by-cfp-professionals-300761438.html

SOURCE Certified Financial Planner Board of Standards, Inc.

Copyright 2018 PR Newswire

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