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Form ADV Part 1A Item 11D(2) · Answer type: yn · Item 11 - Disclosure Information
Item 11D(2) asks whether any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority has ever found the firm or an advisory affiliate to have been involved in a violation of investment-related regulations or statutes.
This question covers regulatory violation findings by authorities other than the SEC and CFTC, which are addressed in Item 11C. The scope includes state securities regulators, banking authorities, insurance commissioners, other federal agencies overseeing financial services, and foreign financial regulatory bodies.
Investment-related regulations or statutes encompass any laws or rules governing securities, advisory services, fiduciary duties, client protection, or other aspects of investment business within these regulators' jurisdiction. This includes state securities laws, banking regulations affecting advisory services, insurance rules for investment products, or foreign investment advisory regulations.
Yes
The firm reports that state, other federal, or foreign financial regulators have found the firm or advisory affiliates involved in investment-related regulatory violations.
No
The firm reports No under 11D(2). This answer applies only to this question.
11D(2) - Ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
This appears in Item 11D covering regulatory findings by authorities other than SEC and CFTC, parallel to similar questions about federal securities regulators.
What 11D(2) does not reveal is the specific regulations violated, their severity or materiality, when violations occurred, which regulators made findings, or what remedial measures followed. Violations can range from technical compliance issues to serious client protection failures.
Yes
Review detailed disclosure narratives to understand which regulators made findings, what specific regulations were violated, when findings occurred, which affiliates were involved, and what sanctions or remedial actions resulted.
No
The firm reports No under 11D(2). Review the other Item 11 rows separately because each question has its own scope.