The Certified Financial Planner Board of Standards says it has suspended three financial professionals from being able to use the CFP designation.
Jason Cooke of Clayton, Delaware was arrested on April 28 and charged with five counts of felony dealing in child pornography in the Kent County Court of Common Pleas, according to CFP Board and the Delaware State Police.
Cooke began his financial services industry career in 2007 and joined Pruco Securities and Prudential Financial Planning Services in Newark, Delaware in July 2021, according to BrokerCheck. Pruco discharged Cooke in May this year over allegations that he “is unable to meet Company requirements due to recent multiple felony charges involving allegations that are violative of industry standards of conduct,” according to his BrokerCheck record.
The CFP Board says it has also suspended Christopher Asher of Annapolis, Maryland, who was arrested on May 17 and charged with felony manslaughter by vehicle, felony homicide by motor vehicle while under the influence of alcohol and felony negligent homicide by motor vehicle under the influence of alcohol, as well as misdemeanor criminally negligent manslaughter by vehicle, after allegedly killing an unnamed construction worker with his vehicle while under the influence.
Additionally, CFP Board suspended Vincent Camarda of Amityville, New York, who was accused in June by the Securities and Exchange Commission of selling “securities of an issuer without disclosing to the investors the fact that he and his company were in debt to that issuer and thus had a conflict of interest,” according to CFP Board.
In each of the three cases, the hearing panel of the CFP Board’s Disciplinary and Ethics Commission, after reviewing the matter, issued the interim suspension orders on August 4 based on the determination by the CFP Board counsel that the financial professionals’ “conduct poses a significant threat to the public or significantly impinges upon the reputation of the profession or the CFP certification marks,” the organization said in a statement.
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