Question

1.

For which of the following actions can a certificant be subject to disciplinary action?

(1) A certificant commingles his/her funds with a clients’

(2) A certificant traveling in France is charged with extortion but subsequently is acquitted on all counts.

(3) A certificant charged with a misdemeanor DWI

(4) A certificant charged with a misdemeanor DWI but notifies the Board within 5 business days.

	a.	(1) only
	b.	(1) and (3) only
c.		(1), (3), and (4) only
		d. (1), (2), (3), and (4)

2.

The grounds for discipline include all of the following EXCEPT:

I           acts or omissions that are crimes or violations of the Code

II         unprofessional conduct
III        failures to respond to requests or directions of the Board

IV        false or misleading statements to the Board

	a.	I, II, and III only
	b.	I, III, and IV only
	c.	II, III, and IV only
	d.	I, II, III, and IV

3.

Which of the following statements concerning the Practice Standards for implementation responsibilities is (are) correct?

             I          A practitioner can be engaged only to implement recommendations.

            II          A practitioner can purchase products for the client.

          III          A practitioner may refer portions of the implementation to other professionals.

           IV          A practitioner may share information as authorized.   

	a.	I and III only
	b.	II and IV only
	c.	II and III only
	d.	I, II, III, and IV

4.

Chloe, a candidate for CFP® certification, had a personal bankruptcy this year due to excessive purchases of clothes and shoes. How many years must Chloe wait to become a CFP® professional?

	a.	Chloe will not have to wait, but a notice of her bankruptcy will be posted on the CFP Board website for a period of 10 years.
	b.	Chloe will be permanently barred from certification.
	c.	Chloe must wait 5 years before she may become certified, but must disclose the bankruptcy to all clients in writing.
	d.	Chloe must wait 7 years before she may become certified, and a notice of the bankruptcy must be posted on her firm’s website for a period of 10 years.

Answer 1

Question 1: For which of the following actions can a certificant be subject to disciplinary action?

Answer : (1) and (3) only

Reason: In (2), he is acquitted by all courts, so there is no disciplinary action. In (4), the board was notified witin 5 business days and does not call for disciplinary action

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