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Form ADV Part 1A Item 11B(2) · Answer type: yn · Item 11 - Disclosure Information
Item 11B(2) asks whether the adviser firm or any supervised person has been charged with a misdemeanor listed in 11.B(1): specifically, investment-related misdemeanors or honesty-related offenses like fraud, false statements, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or conspiracy to commit these crimes.
A charge represents a formal criminal accusation before conviction. Unlike 11B(1), which covers final dispositions (convictions and accepted pleas), 11B(2) captures pending cases, ongoing prosecutions, and unresolved charges regardless of their ultimate outcome.
The question applies the same crime categories as 11B(1) but focuses on charges rather than convictions. This includes current cases under prosecution, charges that were filed but later dismissed, and cases that resulted in acquittal after trial.
Yes
The firm reports that investment-related or honesty-related misdemeanor charges involving the firm or supervised persons. This requires detailed disclosure of case status, charges filed, and current proceedings.
No
The firm reports No under 11B(2). This answer applies only to this question.
11B(2) - Been charged with a misdemeanor listed in 11.B(1)?
This question appears in Item 11B parallel to the conviction question in 11B(1), covering charges rather than final criminal dispositions in the same offense categories.
What 11B(2) does not reveal is the strength of the case, likelihood of conviction, or expected resolution timeline. Criminal charges can range from strong prosecutions likely to succeed to weak cases filed for tactical reasons or dismissed on technical grounds.
Yes
Review the detailed disclosure narrative to understand case timing, current status, specific charges filed, and personnel involved.
No
The firm reports No under 11B(2). Review the other Item 11 rows separately because each question has its own scope.