New CFP Board Enforcement Chief Brings a Separation of Functions

By Patrick Donachie February 18, 2021 WealthManagement.com

New enforcement head Tom Sporkin and his team now oversee the detection, investigation and prosecution of alleged violations, while another team will handle the adjudication, a move that mirrors the workflow at the SEC and FINRA.

The CFP Board brought on its new head of enforcement, Thomas Sporkin, in January, a move that has allowed the organization to divide its enforcement unit into two separate functions. For the first time since his hiring, Sporkin detailed the new enforcement structure, which he believes will build better public confidence that disciplinary violations by CFP® professionals will be caught.