Today, Rick is submitting his Initial Application for CFP certification with the CFP Board of Standards. Four years earlier, Rick signed a Letter of Acceptance, Waiver and Consent with FINRA, as part of FINRA arbitration hearing. As part of the arbitration settlement, Rick consented to a 30-day suspension, a fine of $100,000 and 20 hours of continuing education. Which action is most appropriate for Rick to take when completing his Initial Application for CFP certification?

a. Rick cannot disclose the FINRA arbitration because if he reports the arbitration to the CFP Board, he would be disclosing confidential client information.

b. Rick should disclose the FINRA arbitration to the CFP Board.

c. Rick may disclose the FINRA arbitration, but is not required to disclose the arbitration, because the matter was settled more than five years prior to Rick applying for initial certification as a CFP certificant.

d. Standards of Conduct Section F requires Rick is to disclose any and all arbitration, civil or criminal suits.