Question

Does a certificant have to advise his/her current clients of any certification suspension or revocation he/she receives from the CFP Board?

A. Maybe, it depends on the facts.
B. Only his/her employer needs to be advised, never his/her clients.
C. Yes.
D. No.

Answer 1

A certificant should advise his/her current clients of any certification suspension or revocation received from the CFP Board.

Step-by-step explanation:

The correct answer to this question is C. Yes. A certificant should advise his/her current clients of any certification suspension or revocation received from the CFP Board. This is because the certificant's clients have the right to be informed about any changes or disciplinary actions that may affect their relationship with the certificant.

By informing their clients, certificants demonstrate transparency and professional ethics. Clients need to be aware of any potential disruptions or changes to their financial advisor's certification status, as it may impact their trust and confidence in the advice provided.

It is important for certificants to maintain open and honest communication with their clients, keeping them informed about any changes in their professional status.