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.
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