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The Wall Street Journal featured Lubin's professor of management Andrew Coggins in “Coronavirus Cruise Ship to Set Sail Again in April, After Thorough Cleaning”

02/20/2020

The Wall Street Journal featured Lubin's professor of management Andrew Coggins in “Coronavirus Cruise Ship to Set Sail Again in April, After Thorough Cleaning”

“Normal practice in the case of norovirus or Legionnaires’ disease is to pinpoint and isolate the source of the illness, then cancel or postpone the next cruise and thoroughly disinfect the ship from top to bottom once all the passengers are off,” said Andrew Coggins, a cruise expert and professor of management at Pace University in New York.

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The Wall Street Journal featured Dyson’s Sarah Blackwood in "God Goes Missing in ‘Little Women’"

02/07/2020

The Wall Street Journal featured Dyson’s Sarah Blackwood in "God Goes Missing in ‘Little Women’"

As Pace University professor Sarah Blackwood writes in the New Yorker, Ms. Gerwig seems to be arguing that “marriage is some kind of death.”

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"The Wall Street Journal" featured Lubin School of Business professor Bruce Bachenheimer in "Cash-strapped small businesses turn to go fund me"

11/12/2019

"The Wall Street Journal" featured Lubin School of Business professor Bruce Bachenheimer in "Cash-strapped small businesses turn to go fund me"

Bruce Bachenheimer, a professor at the Lubin School of Business at Pace University, said even more important than cash is the validation business owners receive from GoFundMe campaigns. Two-thousand customers contributing $20 or $40 each might not be enough to keep a business open, but it can give owners reassurance.

After a successful GoFundMe campaign, owners might say to themselves, “‘I should hang on, I should keep going,’” Mr. Bachenheimer said.

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"The Wall Street Journal" featured Elisabeth Haub School of Law professor James Fishman in "Celebrity Board Members Engaged in Big-Ticket Transactions With NRA"

11/12/2019

"The Wall Street Journal" featured Elisabeth Haub School of Law professor James Fishman in "Celebrity Board Members Engaged in Big-Ticket Transactions With NRA"

“If you have directors who are involved in self dealing they can’t be impartial,” said James Fishman, a Pace University law professor and co-author of a textbook on nonprofit law. Having nonprofit board members receive money from the organization instead of donating to it, he said, “is the opposite of the way good governance should work.”

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"Wall Street Journal" featured President Marvin Krislov's commentary in "College Programs Pay Off Handsomely"

08/18/2019

"Wall Street Journal" featured President Marvin Krislov's commentary in "College Programs Pay Off Handsomely"

Your front-page article (“College Pays Off, But Not for All,” Page One, Aug. 10) cites several important reasons some students are no longer seeing college as a worthwhile investment. But it also notes a fundamental truth: Americans with a college degree earn far more than those with only a high-school diploma. Students looking for the best return on their college education should focus on the results an institution delivers. At Pace University, we focus on a strong practical education grounded in the liberal arts. Our students have real-world opportunities to practice the things they’re learning about in classrooms, and our robust career services office ensures they find great first jobs that start them on great careers. We’re proof that the right college does pay off.

Marvin Krislov
President, Pace University

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"The Wall Street Journal" featured Law professor Jill Gross in "Looking for a Financial Planner? The Go-To Website Often Omits Red Flags"

07/31/2019

"The Wall Street Journal" featured Law professor Jill Gross in "Looking for a Financial Planner? The Go-To Website Often Omits Red Flags"

Background checks

Before certifying someone as a CFP, the Board said, it conducts background checks to look into criminal, legal and bankruptcy history and reviews sites such as the SEC’s online database. Applicants must pass a six-hour exam, among other requirements.

This spring, the Board certified Rudolf Molnar as a CFP.

In 2012, Finra fined Mr. Molnar $5,000 and suspended him for a month after saying he had impersonated four customers to accelerate the transfer of their money to his new firm. As a result, in 2013 Mr. Molnar surrendered his Virginia insurance sales license for a year.

Mr. Molnar’s profile on LetsMakeAPlan.org makes no mention of this.

Through a spokeswoman, Mr. Molnar said he had provided the CFP Board with “extensive disclosures and documentation as part of earning and being approved for the certification.” In the Finra case, he didn’t admit or deny the regulator’s findings.

Among sources the CFP Board said it checks before certifying a CFP is Finra’s BrokerCheck site. Mr. Molnar’s fine and suspension were listed there when the Board certified him.

Asked why it certified him as a CFP, the Board said although such conduct would often result in punishment, “in this circumstance, where Mr. Molnar otherwise had no other customer-related disclosures, CFP Board determined that the conduct that occurred in 2009 did not prevent Mr. Molnar from being certified in 2019.”

Every two years, all CFPs must update the Board on their financial and regulatory history. Any who are convicted on a criminal charge or have a professional license suspended or revoked must notify the board within 30 days. It “relies heavily on self-disclosure, complaints from either clients or other CFP professionals, and news scans,” the Board said.

In response to the Journal’s findings, the group said, it will from now on look at Finra and SEC records each time a CFP renews certification.

Sixty-eight CFPs who have filed for bankruptcy within the past 10 years had LetsMakeAPlan.org profiles that don’t mention a bankruptcy, according to the Journal’s analysis of such events listed on Finra’s BrokerCheck. The Journal compared the disclosures on the LetsMakeAPlan.org site to the Finra site in May.

Though profiles on LetsMakeAPlan.org show whether a CFP has disclosed a bankruptcy in the last 10 years, the CFP Board said that its disclosure-policy criteria account for discrepancies between LetsMakeAPlan.org listings and Finra’s BrokerCheck.

The CFP board said some planners may have failed to disclose a bankruptcy.

“If the CFP Board is relying on the individual CFPs for accuracy, then it’s clearly being duped,” said Jill Gross, a professor of securities law at Pace University in White Plains, N.Y., who has often served as an arbitrator in financial disputes. “Those are the kinds of CFPs we don’t want advising investors.”

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