CEO Sarah Ball Teslik Leaves CFP Board
She throws down a proposal for new ethics rules that have everyone up in arms because they still lack the requirement for fiduciary care of clients and then leaves. I for one will not be sad to see her go. This opens up a glimmer of hope that the CFP Board might pick up the banner of representing the consumer again and advocate that all CFPs must be held to a fiduciary standard.
Considering that over a third of CFPs come from the broker/dealer world where their employers will not let them accept a fiduciary responsability, this is highly unlikely however.
This entry was posted by David on October 13, 2006 at 9:44 am, and is filed under Uncategorized. Follow any responses to this post through RSS 2.0.Responses are currently closed, but you can trackback from your own site.