After federal regulators including the Securities and Exchange Commission and the Department of Labor as well as Finra, the largest independent industry regulator, perhaps no one speaks louder on advisor best practices and compliance than the Certified Financial Planner Board of Standards (CFP Board) and the Chartered Financial Analyst Institute (CFA Institute).
Each has recently made major announcements regarding cryptocurrency investing and advice. Y
The CFP Board issued guidelines in November in a “Notice to CFP Professionals Regarding Financial Advice About Cryptocurrency-Related Assets,” which will govern how holders of the CFP certification should handle working with clients on digital asset investing and planning.
In the CFA Institute’s case, it comes in the form of “Cryptoassets: Beyond the Hype,” a report oriented towards investment professionals and financial analysts, which was released this week.
Source: Two Advisor Credentialing Organizations Have Their Say on Crypto