DEVONSHIRE RESEARCH GROUP, LLC (CRD# 283618)


Item 11 Disclosure Information
In this Item, we ask for information about your disciplinary history and the disciplinary history of all your advisory affiliates. We use this information to determine whether to grant your application for registration, to decide whether to revoke your registration or to place limitations on your activities as an investment adviser, and to identify potential problem areas to focus on during our on-site examinations. One event may result in "yes" answers to more than one of the questions below.
Your advisory affiliates are: (1) all of your current employees (other than employees performing only clerical, administrative, support or similar functions); (2) all of your officers, partners, or directors (or any person performing similar functions); and (3) all persons directly or indirectly controlling you or controlled by you. If you are a "separately identifiable department or division" (SID) of a bank, see the Glossary of Terms to determine who your advisory affiliates are.
If you are registered or registering with the SEC or if you are an exempt reporting adviser, you may limit your disclosure of any event listed in Item 11 to ten years following the date of the event. If you are registered or registering with a state, you must respond to the questions as posed; you may, therefore, limit your disclosure to ten years following the date of an event only in responding to Items 11.A.(1), 11.A.(2), 11.B.(1), 11.B.(2), 11.D.(4), and 11.H.(1)(a). For purposes of calculating this ten-year period, the date of an event is the date the final order, judgment, or decree was entered, or the date any rights of appeal from preliminary orders, judgments, or decrees lapsed.
You must complete the appropriate Disclosure Reporting Page ("DRP") for "yes" answers to the questions in this Item 11.
  Yes No
Do any of the events below involve you or any of your supervised persons?  Radio button not selected  Radio button selected, changed
For "yes" answers to the following questions, complete a Criminal Action DRP:
A.   In the past ten years, have you or any advisory affiliate: Yes No
(1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to any felony?  Radio button not selected  Radio button selected, changed
(2) been charged with any felony?  Radio button not selected  Radio button selected, changed
 
If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.A.(2) to charges that are currently pending.
 
B. In the past ten years, have you or any advisory affiliate:
(1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses?  Radio button not selected  Radio button selected, changed
(2) been charged with a misdemeanor listed in Item 11.B.(1)?  Radio button not selected  Radio button selected, changed
 
If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.B.(2) to charges that are currently pending.
 
For "yes" answers to the following questions, complete a Regulatory Action DRP:
C.   Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: Yes No
  (1) found you or any advisory affiliate to have made a false statement or omission?  Radio button not selected  Radio button selected, changed
  (2) found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?  Radio button not selected  Radio button selected, changed
  (3) found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?  Radio button not selected  Radio button selected, changed
  (4) entered an order against you or any advisory affiliate in connection with investment-related activity?  Radio button not selected  Radio button selected, changed
  (5) imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?  Radio button not selected  Radio button selected, changed
 
D. Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority:  
  (1) ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?  Radio button not selected  Radio button selected, changed
  (2) ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?  Radio button not selected  Radio button selected, changed
  (3) ever found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?  Radio button not selected  Radio button selected, changed
  (4) in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?  Radio button not selected  Radio button selected, changed
  (5) ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?  Radio button not selected  Radio button selected, changed
 
E. Has any self-regulatory organization or commodities exchange ever:
  (1) found you or any advisory affiliate to have made a false statement or omission?  Radio button not selected  Radio button selected, changed
  (2) found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?  Radio button not selected  Radio button selected, changed
  (3) found you or any advisory affiliate to have been the cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?  Radio button not selected  Radio button selected, changed
  (4) disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities?  Radio button not selected  Radio button selected, changed
 
F. Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or suspended?  Radio button not selected  Radio button selected, changed
 
G. 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.?  Radio button not selected  Radio button selected, changed
 
For "yes" answers to the following questions, complete a Civil Judicial Action DRP:
H.   (1) Has any domestic or foreign court: Yes No
    (a) in the past ten years, enjoined you or any advisory affiliate in connection with any investment-related activity?  Radio button not selected  Radio button selected, changed
    (b) ever found that you or any advisory affiliate were involved in a violation of investment-related statutes or regulations?  Radio button not selected  Radio button selected, changed
    (c) ever dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or any advisory affiliate by a state or foreign financial regulatory authority?  Radio button not selected  Radio button selected, changed
  (2) Are you or any advisory affiliate now the subject of any civil proceeding that could result in a "yes" answer to any part of Item 11.H.(1)?  Radio button not selected  Radio button selected, changed