CFP Board Announces CFP® Professionals' Bankruptcies

WASHINGTON, April 1, 2013 /PRNewswire-USNewswire/ -- Certified Financial Planner Board of Standards, Inc. announces today the names of CFP® professionals who have declared bankruptcy within the last five years and, under rules that took effect July 1, 2012, are not subject to disciplinary procedures but will have their bankruptcy disclosed.

CFP Board does not investigate, and the Disciplinary and Ethics Commission does not adjudicate, bankruptcy-only cases. Rather, CFP Board verifies the bankruptcy and notes 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. 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.

This disclosure of these names is made pursuant to CFP Board's rules regarding single-bankruptcy cases and covers the fourth quarter of 2012. 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






Mr. Kevin M. Arquette

Tampa

Florida

Personal

September 23, 2011

Mr. David M. Buskirk

Scottsdale

Arizona

Personal

July 15, 2010

Mr. Daniel C. Caffrey

Richmond

Virginia

Personal

December 22, 2009

Mr. R. Brent Dees

Charlotte

North Carolina

Personal

October 20, 2011

Mr. Ryan Scott Elkins

San Antonio

Texas

Personal

November 12, 2012

Mr. John J. Foley

Vero Beach

Florida

Personal

January 28, 2011

Mr. Henry J. Guzzo

Sault Sainte Marie

Michigan

Personal

January 22, 2012

Ms. Cathy Ann Horn

Gilford

New Hampshire

Personal

November 15, 2010

Mr. Larry Hyatt

Salem

Oregon

Personal

February 22, 2010

Mr. Konrad Karowski

Ponte Vedra

Florida

Personal

March 31, 2010

Mr. Alan S. Kornbluh

Davie

Florida

Personal

January 14, 2009

Mr. John Lenahan

Miami

Florida

Personal

June 16, 2008

Mr. David S. Park

Los Angeles

California

Personal

April 28, 2009

Mr. Lee M. Peterson

Englewood

Colorado

Personal

March 4, 2010

Mr. Jason W. Qualls

Murfreesboro

Tennessee

Personal

September 21, 2009

Ms. Catherine R. Restivo

Murrieta

California

Personal

June 30, 2011

Mr. William C. Rosenblatt

Altamonte Springs

Florida

Personal

March 8, 2011

Mr. Peter Schmitz

Burnsville

Minnesota

Personal

March 30, 2010

Mr. Maclay M. Swanson

Arden Hills

Minnesota

Personal

August 26, 2011

Ms. Victoria Lee Ward

Greenville

Texas

Personal

October 13, 2010

Mr. Wayne Alan Watts

Colorado Springs

Colorado

Personal

June 25, 2012

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 competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame 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 67,000 individuals to use these marks in the U.S.

SOURCE Certified Financial Planner Board of Standards, Inc.



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