All FP Canada certificants have a professional obligation to adhere to rigorous standards and have a written obligation to put clients’ interests ahead of their own. FP Canada Standards Council sets and enforces these standards for the protection of the Canadian public and to safeguard the reputation of the financial planning profession.
The FP Canada Standards Council Standards of Professional Responsibility includes the:
All FP Canada certificants are held to the professional standards detailed in the Standards of Professional Responsibility.
FP Canada Standards Council vigilantly guards the trust that Canadians have placed in FP Canada certificants by addressing concerns that come to our attention and by thoroughly reviewing allegations of professional misconduct. All FP Canada Standards Council Investigations are confidential. In very exceptional circumstances, some Investigations may be made public in accordance with the FP Canada Standards Council Policy on the Disclosure of Investigations and Interim Suspensions.
Following consideration and referral by the Conduct Review Panel, an independent Hearing Panel is convened to consider allegations of professional misconduct. FP Canada Standards Council provides notice of upcoming Hearings and Appeal Hearings.
View reports on disciplinary actions
|Name of Parties||Format & Date of Hearing|
|FP Canada Standards Council and Randy Bretzer, CFP®||Disciplinary Hearing: August 15, 2019|
|FP Canada Standards Council and John Paul Sanchez||Penalty Hearing: August 22, 2019|
|FP Canada Standards Council and David Claude Bugden||Disciplinary Hearing: September 27, 2019|
* This schedule is provided for public information and is subject to change.
In accordance with the FP Canada Standards Council Disciplinary Rules and Procedures, where an FP Canada certificant is found to have breached the FP Canada Standards Council Standards of Professional Responsibility, disciplinary sanctions may range from a Letter of Admonishment to suspension or revocation of certification. For CFP professionals, the severest sanction is permanent revocation of the right to use the CFP marks. For FPSC Level 1 certificants, the severest sanction is revocation of certification, which would also prevent the obtainment of CFP certification.
Because financial planning professionals often hold more than one credential or financial licence, FP Canada Standards Council works closely with other accrediting, licensing and regulatory organizations when appropriate.
Have a Concern About an FP Canada Certificant? If you have a concern about an FP Canada certificant, you can submit a complaint to the FP Canada Standards Council. Learn how to do so and what to expect from the Investigation process.