re·voke /rəˈvōk/ 
verb: put an end to the validity or operation of (a decree, decision, or promise).

Coming face to face with reality can be a pretty difficult, especially when you’re in the middle of a massive cover-up.

After lying to clients and forging signatures on $5 million in loan documents, Jeff Davis – bless his heart – his certification as a Certified Financial Planner was PERMANENTLY revoked.

Seems that the Certified Financial Planner Board of Standards doesn’t look to highly upon using other people’s money to pay for your own expenses – and lying about it.

In August 2014, they said of Jeff Davis…

In August 2014, CFP Board issued an order permanently revoking Mr. Davis’ right to use the CFP® certification marks. This discipline followed Mr. Davis’ entry into a settlement agreement with CFP Board in which he consented to CFP Board’s findings that he told clients that they were purchasing a stock while failing to tell them about a $5 million dollar liability, told clients that their $950,000 was being used to purchase a stock when he was really using it to pay interest on the loan as well as business and personal expenses, told clients that he was indicating to the bank to change the guarantors of the loan when he did not, informed the clients that the loan was current when it was not and filed bankruptcy after promising to have the clients released as guarantors on the $5 million dollar loan. The Commission found that Mr. Davis’ conduct violated Rules 102, 103(d), 202, 401(a), 501, 606(b) and 607 of CFP Board’s Code of Ethics and Rules 1.4 and 6.5 of CFP Board’s Rules of Conduct as well as Practice Standards 400-3 and 500-2, providing grounds for discipline under Articles 3(a) and 3(b) of CFP Board’s Disciplinary Rules and Procedures. In accordance with Article 4.4 of the Disciplinary Rules, CFP Board issued a Revocation of Mr. Davis’ CFP® certification. Mr. Davis’ revocation is effective as of August 14, 2014.

But, that’s not all he’s done…