The Certified Financial Planner Board of Standards Inc. on Monday named the 2009 chair and two new members to its nine-member Disciplinary and Ethics Commission (DEC), the body that administers disciplinary hearings for holders of the certified financial planner designation.
The new chair is Jack Harmon Sr., founder of Harmon Financial Advisors in Atlanta. He was founding chair of the inter-industry group that established generally-accepted financial planning principles which developed into CFP Board's financial planning practice standards. He is founding president of the Georgia Society of the Institute of Certified Financial Planners and has been a CFP Board director and chair of CFP Board's Board of Examiners, which became the Council on Examinations in 2007.
The two new members--who will serve through 2012--are Martin Siesta, founding principal of Compass Wealth Management in Maplewood, N.J., and Robert Fleming, president of Fleming & Curti, a law firm in Tucson, Ariz. that focuses on seniors and the disabled. Fleming, who is also president of the National Elder Law Foundation, is the first non-CFP certificant to serve on the DEC.
The DEC is an all-volunteer body of nine board members and four additional volunteers that meets three times a year to hear cases of possible infractions by CFP designees.
Earlier this month, the CFP Board said it sought public comment on proposed revisions to its disciplinary process that, among other things, pertain to the qualifications of DEC members and the role of the organization's executives in disciplinary proceedings.
An overview of the proposed revisions is found at www.CFP.net. Comments are due by February 2 and will be considered by the board of directors at its February meeting.