Several months ago FPPad chronicled the activities of Matthew Weitzman (Anti-Fraud Measures Your Practice Needs and Follow Up to Fraud Prevention Practices) after the SEC alleged that Mr. Weitzman misappropriated client funds through a series of unauthorized transfers.
Today, CFP Board announced that it issued an Interim Suspension Order to Mr. Weitzman suspending his right to use the CFP® certification marks. The suspension was issued because “Mr. Weitzman failed to respond to CFP Board’s Order to Show Cause within 20 calendar days, as required by CFP Board’s Disciplinary Rules and Procedures,” according to CFP Board.
CFP Board’s will complete further investigation on the claims and likely issue further action, but until then, Mr. Weitzman is no longer able to use the CFP® certification marks in any literature, advertisements, or correspondence.
