On Professional Financial Planning Class!!

A CFP professional served as the president and owner of an investment advisory firm and had primary responsibility for the financial and investment services offered by the firm. The firm held a private offering to raise money for capital, marketing, expansion of present facilities, and operating expenses. The CFP professional recommended that clients purchase shares in the private offering. Four clients purchased $2, 550,000 worth of shares of the firm, which represented 12.5% of the company. What rule(s) of conduct were broken? Explain the rule(s) and how it was broken in the case study. How might you handle this situation differently? A CFP professional served as the president and owner of an investment advisory firm and had primary responsibility for the financial and investment services offered by the firm. The firm held a private offering to raise money for capital, marketing, expansion of present facilities, and operating expenses. The CFP professional recommended that clients purchase shares in the private offering. Four clients purchased $2, 550,000 worth of shares of the firm, which represented 12.5% of the company. What rule(s) of conduct were broken? Explain the rule(s) and how it was broken in the case study. How might you handle this situation differently