The Certified Financial Planner Board of Standards has suspended the right of advisor Brian G. Doherty of Naples, Fla., to use the CFP certification marks.

The CFP Board called the disciplinary action, announced yesterday, an "interim" suspension because the board is still investigating allegations that Doherty engaged in multiple business transactions with an elderly client despite his being aware of a conflict of interest. The board's Disciplinary and Ethics Commission held a hearing on the matter in February.

Doherty's right to use the CFP certification marks is suspended pending the investigation and further disciplinary action is possible, according to the CFP Board. The interim suspension order became effective on March 11.

-Jim McConville