Question: A client terminated her a CFP Professional and requested all documents be returned immediately. The client went on to bring a civil suit against the

A client terminated her a CFP Professional and requested all documents be returned immediately. The client went on to bring a civil suit against the CFP Professional. If three weeks go by before the CFP Professional notifies CFP Board, is the CFP Professional in violation of CFP Boards Code of Ethics and Standards of Conduct?Question 10 options:Yes, because she has thirty days from the date the CFP Professional learned of the lawsuit to inform CFP Board.Yes, because he/she must allow the CFP Board thirty days to provide legal counsel to the CFP Professional in defense of the allegation.No, a CFP professional is under no legal, moral, or ethical responsibility to inform CFP Board of a civil suit brought by a former client.No, CFP Board gives planners at least thirty days to inform Board officials when aware of an adverse arbitration situation, lawsuits, or civil judgments involving fraud, theft, misrepresentation, etc.No, CFP Board gives planners at least two years to inform Board officials of the outcome(s) associated with a civil suit.

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