Question

One of the requirements of Rule 6.4 is to notify the CFP Board in writing of any conviction of a crime. Which of the following requires notification?

I. Theft
II. Embezzlement
III. Tax fraud
IV. Traffic ordinance that involves use of alcohol

A. I, III
B. I, II
C. II, III
D. II
E. I, II, III, IV

Answer 1

The following requires notification II. Embezzlement and III. Tax fraud. Therefore, the correct answer is: C. II, III

The CFP Board's Rule 6.4 requires notifying the board in writing of any conviction of a crime, except for minor traffic violations. Let's analyze each option:

I. Theft - Theft is a crime that requires notification.

II. Embezzlement - Embezzlement is a crime that requires notification.

III. Tax fraud - Tax fraud is a crime that requires notification.

IV. Traffic ordinance that involves the use of alcohol - Minor traffic violations, such as those involving the use of alcohol, do not require notification.

Therefore, the correct answer is: C. II, III

This option includes embezzlement (II) and tax fraud (III), both of which require notification according to Rule 6.4.