In March, Board of Directors chair David Strege said the changes to the DEC were made because the board believes the stakes will be higher after the CFP Board's strengthened ethical standards take effect this July, and that they wanted to give full-time staff the oversight function to make sure it "improves and guarantees a valid, defensible process that benefits the public." He also acknowledged that the board of directors "probably didn't give them (DEC members) enough ramp up time to let the changes be absorbed."

The CFP Board couldn't be reached for comment on Tuesday. 

Along with Moisand, the new DEC members include:

V. Raymond Ferrara, president and CEO of ProVise Management Group in Clearwater, Fla.

James Knaus, co-founder of Global Wealth Advisors in Troy, Mich.

Yvonne Dean, the Houston-based launch manager for the Texas Regional Financial Office of Thrivent Financial for Lutherans.

Michael Ross, founder and CEO of The Connection Group in Plainview, N.Y.

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