Actuarial Accountability
Academy members are subject to the professional and ethical obligations as set out in the Academy’s Code of Professional Conduct and Standards of Practice promulgated by the Academy’s Actuarial Standards Board. Members failing to meet these obligations are subject to the Academy’s disciplinary process as set out in its Bylaws.
Public Discipline
Below is a list of individuals who have faced Academy disciplinary action to provide transparency regarding instances where professional standards have been breached. The following persons have been publicly disciplined by the Academy. The dates accompanying each name indicate when the disciplinary actions were announced or took effect.
Expelled
| Allen, Scott | Effective: July 20, 2018 |
| Beecher, Paul | August 1985 |
| Boatright, David J. | July 1997 |
| Coate, Larry D. | April 1997 |
| Lederman, Charles M. | May 2009 |
| Lewis, Arthurs S. | Letter to Members, August 1, 1975 |
| Lambiase, William J. | Effective: December 28, 2009 |
| Portermain, Neill W. | May 1994 |
| Rubenstein, Steven J. | Effective: September 10, 2015 |
| Scheiring, Robert D.J. | Effective: October 18, 2011 |
| Silberstein, Morris J. | December 2005 |
| Smith, James C., Jr. | Letter to Members, August 1, 1975 |
| Sutherland, Patrick E. | Effective: December 3, 2018 |
Suspended
| Andersen, Theodore F. | December 2021, 5 years |
| Bucknell, Robert I. | November 1994, 2 years |
| Frank, Michael W. | March 2020, 1 year; reinstated May 2021 after fully complying with Disciplinary Committee’s terms and conditions for reinstatement |
| Gould, Donald E. | October 2012, 5 years |
| Keh, Alphonso | May 1985, 5 years |
| McGee, Brian R. | November 2012, 3 years |
| Rankin, Gerald J. | August 2008, 2 years; lifted August 22, 2008 after completion of course prescribed by the disciplinary committee |
| Reynolds, Robert M. | November 2012, 3 years |
| Savasta, Neil J. | May 2014, 5 years |
| Shapiro, Kenneth P. | July 2015, 1 year |
| Sharpe, Timothy W. | August 2018, 2 years |
Publicly Reprimanded
| Andersen, Theodore F. | Effective: October 17, 2014 |
| Chong, Wil | April 2000 |
| Dandy, William B. | June 1995 |
| De Fiori, Nicolas E. | Effective: March 28, 2011 |
| Gibney, John R. | Effective: May 28, 2019 |
| Jacobson, James W. | Effective: November 14, 2012 |
| O’Connell, Ronald F. | November 2007 |
| Schwartz, Jonathan | Effective: October 25, 2010; completed course prescribed by the disciplinary committee on April 8, 2011. |
| Sharpe, Timothy W. | Effective: January 5, 2018 |
| Shaw, James L. | Effective: July 3, 2023 |
| Stanard, James N. | Effective: November 29, 2010 |
| Stergiou, E. James | November 1998 |
| Townsend, William Lynn | Effective: September 2, 2010 |
| Vance, Jerome | July 1986 |
| Wu, Guoping | November 2000 |