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The Financial Planning Association of Australia (FPA) independent disciplinary body, the Conduct Review Commission (CRC), has found Sam Henderson breached the FPA’s Code of Professional Practice (FPA Code). The CRC’s Determination was published today.
The CRC found that nine out of the ten alleged breaches of the FPA Code were proven. Information in relation to sanctions will be released in due course.
Dante De Gori CFP®, CEO of the FPA says “FPA members are required to uphold the highest ethical standards within the financial planning profession. Mr Henderson failed to meet those standards.
“Consumers actively seek out FPA members when looking for financial advice because of the higher standards the FPA requires. The FPA is committed to standing with Australians for a better financial future and enforcement of the FPA Code is an important aspect of that commitment.”
The Conduct Review Commission is an independent body established to ensure FPA members are held accountable to the FPA Code. The CRC plays a vital role in regulating the conduct of FPA members and upholding the highest ethical standards within the financial planning profession.
The CRC panel, which hears FPA disciplinary matters, is made up of experienced members of the financial planning profession and is currently chaired by a former presidential member of the Australian Administrative Appeals Tribunal (AAT).
FPA members are encouraged to read the CRC Determinations to understand how the FPA Code should be applied in day-to-day practice.
The FPA encourages all members to map their advice process to the FPA Code of Professional Practice to ensure they are meeting the standards expected of them.
The published Determination in the Sam Henderson case is available on the FPA website.