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The Certified Financial Planner Board of Standards’ Board said Tuesday that it has elected two new members specializing in securities regulation and risk and compliance.

Roberta Karmel, the first woman to be appointed a commissioner at the Securities and Exchange Commission — serving in that capacity from September 1977 to February 1980 — is a leading authority on securities regulation.

She is the Centennial Professor of Law and co-director of the Dennis J. Block Center for the Study of International Business Law at Brooklyn Law School in New York.

Karmel becomes the fourth public member of the CFP Board of Directors.

Alexander Rozman heads financial crime compliance and is compliance counsel for CLS Bank International, a leading global multi-currency settlement provider based in New York and London.

“With enforcement of the new CFP Code and Standards beginning June 30, 2020, these two new members will bring deep, invaluable experience and insights to ensure that our new Code and Standards is relevant and credible to the public and fair to CFP professionals,” said Jack Brod, CFP, chair of the CFP Board of Directors.

“We are honored to welcome two members of such stature,” added Douglas King, CFP, chair-elect of the CFP Board of Directors and chair of the Nominating Committee. “They will help strengthen CFP Board’s role in the financial planning profession as it enters its sixth decade.”

Karmel has been a director on numerous nonprofit and corporate boards including the New York Stock Exchange, Kemper Insurance and Mallinckrodt Pharmaceuticals.

She is the author of two books and has written a bi-monthly column on securities regulation for the New York Law Journal for more than 35 years.

New York Law Journal is a sister publication to ThinkAdvisor.

Rozman has also been a senior leader for Deloitte, where he led multiple large-scale compliance and risk assessment projects, as well as the Deloitte Digital Currency and Blockchain Group; director of Regulatory Advisory Services for Navigant Consulting; general counsel and chief compliance officer for Capital Market Services LLC; and staff attorney for UAW Legal Services.

He is a member of the University of Rutgers Design Thinking Advisory Board and provides pro bono legal services for its indigents program.

Karmel and Rozman’s terms on the board run through December 2023.

They join 14 other members and CFP Board CEO Kevin Keller on the board.


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