The profession of financial planning only works if its members can be trusted to act in ethical ways. Ethical misconduct must be handled appropriately to ensure that the public confidence in the profession is maintained.

This assignment will require you to apply the FP Canada Standards of Professional Responsibility ("the Standards") to a case where a financial planner has been alleged to have breached those standards.

Assignment Requirement #1Your group is the Ethics Review Committee that has been formed to handle alleged breaches of the FP Canada Standards of Professional Responsibility by financial planners. Your role is to discuss the case with your group members and determine if a breach of the Standards occurred. Please ensure that you record your meeting using Zoom. The case you should review will be available by 8 a.m. on the Monday of Week 9 of the semester. Once your group has concluded their discussion and decision-making, you will need to compose a letter that will be sent to the financial planner that explains the Committee's decision. The letter should be formatted as a business letter from the Canadian Financial Planning Ethics Review Committee at 1750 Finch avenue East Toronto, Ontario M2J 2X5, and:

Identify the action(s) that caused the breach of the Standards (5 marks)

Identify the Rule(s) of Conduct that was/were breached (5 marks)

Identify the appropriate sanction(s) that will be applied (5 marks)

Rationale for the sanctions (5 marks)

The closing signature line of the letter should read:"The Canadian Financial Planning Ethics Review Committee"(The Full Names of the Committee Members)