3ethos CEO Don Trone published an article for Financial Planning on the minimum standard that CFP Board promoted and their interference with others pressing for higher fiduciary standards.
To say that CFP certificants have been held to a standard similar to the rules recently released by the DoL is like saying a little league team is similar to a professional baseball team. The CFP Board has defined its fiduciary standard in terms of a de minimis common law standard with as many loopholes and exceptions as possible, which allows CFP certificants to avoid accountability.
In fact, the CFP Board has deliberately and intentionally interfered with other, earlier industry efforts to define a higher fiduciary standard for financial planners.
A link to the Financial Planning complete article is here.