Earlier this year, a financial advisor published a paper purporting to find that his colleagues who had pursued accreditation as “Certified Financial Planners” (CFPs) were more likely to engage in misconduct.
What the paper didn’t mention: That he had sued the CFP Board, the organization that offered that certification, and given up his own CFP marks “over a dispute regarding the integrity of the CFP Board’s disciplinary process,” according to a correction to the article published in April.
“The editors have determined its disclosure would not have impacted the peer review process, but it has since been added to the article for the benefit of readers,” the notice stated.
The article, “Badges of Misconduct: Consumer Rules to Avoid Abusive Financial Advisers,” was published in the Journal of Financial Regulation in February. In the abstract, the authors described their findings:
Continue reading Financial advisor failed to disclose he had sued the organization his paper criticized