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Financial Planner

Category - Professional Conduct and Regulation

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Which of the following is NOT grounds for discipline?

Any act that violates the Code of Ethics
Any act that violates the criminal laws of the United States
Failure to respond to a request by the CFP Board staff
Failure to meet a goal agreed to with a client

Explanation

Answer: D - While all financial planners should strive to meet goals agreed to with clients, failure to meet a goal is not in itself grounds for discipline. If the goal was not met due to a violation of the Code of Ethics, Rule of Conduct, Practice Standards, or another violation stated in the Disciplinary Rules and Procedures, then it is grounds for discipline.

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Financial Planner

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Financial Planner

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