MYRTLE BEACH – Barry Capps, a former Chartered Financial Planner at Ameriprise Financial, has had his license revoked by the National Chartered Financial Planning Board for failing to respond to the board’s investigation into a federal tax lien against him.
The board has issued an administrative order permanently revoking Capps’ right to use the “CFP” certification mark, according to a press release from the board.
The board alleges that Capps did not file a response to the board’s complaint about an outstanding federal tax lien within the required 30-day period.
The CFP’s code of ethics and board standards of conduct require planners to cooperate when requesting information.
His CFP designation was revoked effective May 10, but news of the censorship was not published until July 1.
Capps is duly licensed and registered with the State as an Investment Adviser Representative, which means that it can continue to provide financial planning services. Messages left at Ameriprise Financial and Capps were not immediately returned on July 1.