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The CFA Institute is suing the American Retirement Association, claiming that the Certified Plan Fiduciary Advisor designation administered by the National Association of Plan Advisors infringes on the Chartered Financial Analyst designation and the CFA trademark.

CFA Institute filed its complaint Thursday in the U.S. District Court for the Western District of Virginia for trademark infringement, unfair competition and accounting against the American Society of Pension Professionals & Actuaries, NAPA and ARA.

“We were rather surprised to get that news Friday night,” Brian Graff, CEO of ARA, told ThinkAdvisor, BenefitsPRO’s sister site, in a Monday morning interview. “Clearly we don’t agree that there’s confusion, which is why we’re surprised.”

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