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Form ADV Part 1A Item 11F · Answer type: yn · Item 11 - Disclosure Information
Item 11F asks whether an authorization to act as an attorney, accountant, or federal contractor granted to the firm or any advisory affiliate has ever been revoked or suspended.
This question captures professional license losses that affect credentials outside the investment advisory business but may indicate character or competence issues relevant to advisory services. The loss of professional authorizations can signal integrity problems, competence failures, or regulatory violations in other fields that may affect advisory fitness.
Attorney authorization includes bar admissions, law licenses, or other credentials required to practice law in any jurisdiction. Accountant authorization covers CPA licenses, professional accounting credentials, or other certifications required for accounting practice. Federal contractor authorization includes security clearances, contracting credentials, or other federal permissions required for government contract work.
Yes
The firm reports that attorney, accountant, or federal contractor authorization has been revoked or suspended for the firm or an advisory affiliate.
No
The firm reports No under 11F. This answer applies only to this question.
11F - Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or suspended?
This appears in Item 11F as a standalone disclosure category covering professional licensing sanctions outside the investment advisory field.
What 11F does not tell you is the specific nature of violations that caused authorization loss, when losses occurred, which affiliates were affected, or what remedial actions resulted. Authorization losses can range from minor professional violations to serious ethics breaches.
Yes
Review detailed disclosures to understand which authorizations were lost, what violations caused the losses, when they occurred, which affiliates were affected, and whether affected individuals remain with the firm.
No
The firm reports No under 11F. Review the other Item 11 rows separately because each question has its own scope.