CFP Board Censures Improper CFP® Certificant
Conduct
March 05, 2010 11:10 AM Eastern Time
WASHINGTON--(EON: Enhanced Online News)--Certified Financial Planner Board of Standards, Inc.
announces that it has issued an interim suspension to Max J. Safdie of Mill Valley, California, suspending his right to
use the CFP® certification marks, effective immediately.
On February 18, 2010, following a hearing by CFP Board’s Disciplinary and Ethics Commission (“Commission”),
Mr. Safdie was issued an interim suspension of his right to use the CFP® certification marks. The Commission
determined that Mr. Safdie failed to prove, by a preponderance of the evidence, that his right to use the CFP®
certification marks should not be suspended during the pendency of CFP Board’s investigation. CFP Board initiated
the interim suspension proceedings following notification by Mr. Safdie of his FINRA suspension for misrepresenting
the financial qualifications of a family member to a loan officer. The Commission determined that Mr. Safdie’s
conduct of misrepresenting his family member’s investments to a loan officer raised concerns about Mr. Safdie’s
integrity and, therefore, impinges upon the stature and reputation of the CFP® certification marks. Under the interim
suspension order, Mr. Safdie’s right to use the CFP® certification marks is suspended pending CFP Board’s
completed investigation, and possible further disciplinary proceedings. The interim suspension order became effective
on February 23, 2010.
Public disciplinary actions taken by CFP Board, in order of increasing severity, include letter of admonition,
suspension, and permanent revocation. Consumers may check on any planner’s disciplinary history and certification
status with CFP Board at www.CFP.net.
The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the
CFP® certification and upholding it as the recognized standard of excellence for personal financial
planning. The Board of Directors, in