CFP Board revamps its rules to allow video hearings


The directors of the Certified Financial Planner Board of Standards Inc. have approved amendments to the group’s rules and procedures that permanently allow in-person hearings to be conducted via video conference. The amendments became effective last Friday.

CFP Board rules previously permitted hearings to be conducted over the phone or in person. But “given the social distancing and other health and safety guidelines issued for the Covid-19 pandemic, it is not feasible to conduct in-person hearings with all participants in one location,” the CFP Board said in a release, citing that as the reason to permanently allow in-person video conference hearings.

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In the near future, the CFP Board said it will release a new set of procedural rules to replace the current Disciplinary Rules and Procedures and its Appeal Rules and Procedures.

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Written by Investors Wallets

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