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Form ADV Part 1A Item 11A(1) · Answer type: yn · Item 11 - Disclosure Information
Item 11A(1) asks whether the adviser firm or any supervised person has been convicted of, or pled guilty or nolo contendere ("no contest"), to any felony in a domestic, foreign, or military court.
A felony is a criminal offense classified as a felony by the relevant court system. The question includes convictions, guilty pleas, and no-contest pleas. Applicable Form ADV instructions determine the people and reporting period covered.
The catalog question applies to the firm or covered persons identified by the Item 11 scope. The checkbox does not identify which person, court, date, or case produced the answer.
Yes
The firm reports that it or a supervised person has a felony conviction or accepted a guilty or no-contest plea. The checkbox is a disclosure flag: read the Form ADV narrative for case details, dates, and current status.
No
The firm reports No under 11A(1). This answer applies only to this question.
11A(1) - Been convicted of or plead guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to any felony?
This checkbox appears in Item 11A, "Criminal Actions," which covers criminal history for investment advisers and supervised persons.
However, 11A(1) does not tell you the specific crime, when it occurred, who was involved, or what consequences followed. A Yes could represent anything from a decades-old non-financial offense by a former employee to a recent investment fraud conviction by current management.
Yes
Cross-reference disclosed individuals with the firm's current advisor roster to determine if convicted persons still work there. Check whether the crimes were financial in nature or unrelated to advisory services. Look for patterns if multiple convictions exist.
No
The firm reports No under 11A(1). Review the other Item 11 rows separately because each question has its own scope.