11G Pending regulatory proceeding

Form ADV Part 1A Item 11G · Answer type: yn · Item 11 - Disclosure Information

What this means

Item 11G asks whether the firm or any advisory affiliate is now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C., 11.D., or 11.E.

This question captures ongoing regulatory proceedings that have not yet concluded but could eventually trigger disclosure requirements in the completed findings categories. It serves as an early warning system for potential future disclosures while regulatory cases remain pending.

Regulatory proceeding includes formal investigations, enforcement actions, disciplinary proceedings, or other official regulatory processes conducted by SEC, CFTC, state regulators, foreign authorities, or self-regulatory organizations. These are active cases, not routine examinations or informal inquiries.

Yes

The firm reports current involvement in regulatory proceedings that could result in findings requiring disclosure in Items 11C, 11D, or 11E. This indicates active regulatory exposure with potential future disclosure implications.

No

The firm reports No under 11G. This answer applies only to this question.

Official Form ADV question

11G - Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C., 11.D., or 11.E.?

This appears as Item 11G, creating a forward-looking disclosure requirement for ongoing regulatory exposure beyond completed findings.

Why it matters

However, pending proceedings represent allegations or investigations, not concluded findings. Regulatory agencies initiate proceedings based on potential violations that may not be proven or may be resolved without adverse findings. The existence of proceedings does not establish guilt or predict outcomes.

How to read a firm's answer

Yes

Review detailed disclosures to understand what proceedings are pending, which regulators are involved, what potential violations are being investigated, and the expected timeline for resolution.

No

The firm reports No under 11G. Review the other Item 11 rows separately because each question has its own scope.

Related questions

• Item 11 - Disclosure Information - complete disclosure framework including Items 11C, 11D, and 11E
• 11C(1) - SEC/CFTC false statement findings - potential future disclosure category
• 11D(1) - State false statement findings - potential future disclosure category
• 11E(1) - SRO false statement findings - potential future disclosure category

Sources

• Form ADV Part 1A, Item 11G (Disclosure Information)
• Firm Disclosures card and ADV form on Best Investors