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CFP Board Discloses Bankruptcies by CFP® Professionals and Retracts Select Previous Bankruptcy-Only Discipline

Date : 10/22/2012 @ 8:30PM
Source : PR Newswire (US)

CFP Board Discloses Bankruptcies by CFP® Professionals and Retracts Select Previous Bankruptcy-Only Discipline

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.

Copyright 2012 PR Newswire



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