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Jonathan, a CFP practitioner, filed for bankruptcy as a result of financial difficulties related to a divorce. Which of the following is required under CFP
Jonathan, a CFP practitioner, filed for bankruptcy as a result of financial difficulties related to a divorce. Which of the following is required under CFP Board's Code and Standards?
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Jonathan must disclose the bankruptcy to CFP Board, but, because it was not a result of his inability to manage his financial affairs responsibly, he is not required to disclose it to clients.
Jonathan is not required to disclose to his firm any public discipline by CFP Board related to the bankruptcy.
Jonathan is required to provide written disclosure of the bankruptcy to clients when providing financial advice.
Jonathan is required to provide written disclosure of the bankruptcy to clients when providing financial planning, including the location of any public website where additional information can be found.
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