A US certified financial planner (CFP) has been stripped of the designation because she was found to be acting as a Russian spy.
The US Certified Financial Planner Board of Standards (CFPBS) says it took away Cynthia Murphy's right to use the CFP designation in August after she was deported to Moscow on the charges. Murphy - real name Lydia Guryev - was investigated for spying by the CFPBS, which alleged in a complaint she had pleaded guilty to a count of conspiracy and misrepresented herself as a US citizen. She and nine other spies were arrested in June following a seven-year investigation by the FBI. According to reports, the organisation says it considered its allegations to be substantiated after Murphy...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes