Natashia, a CFP® professional, recently got a job selling life insurance for a large national insurer.During her first year on the job, she received a large number of complaints and has beenmentioned adversely in a regulatory investigation alleging failure to comply with the lawsregulating the sale of insurance in her state. Which of the following is true regarding Natashia'sreporting requirements under the Code and Standards?Natashia must provide CFP Board with written notice of the allegation within 30 calendar days.Natashia is not required to report the allegation to CFP Board until she has been officially disciplined bythe State Insurance Commission.Natashia is required to report the allegation to CFP Board when she pays her annual renewal fee forcertification.Natashia is not required to report the allegation to CFP Board, but must promptly disclose it to her firmand clients.

CFP professional are bounded to the rules and regulations of CFB board and had to comply with that.

Answered: Natashia, a CFP® professional, recently…

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter18: Governance And Structure: Forms Of Doing Business

Section: Chapter Questions

Problem 8QAP

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