Illegal Activity
suspicious
Blackmail
none
Date
2011
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document informs prospective investors in the Access Fund about tax and regulatory matters. It discloses a past settlement involving Raymond James Financial Services, Inc. regarding the sale of auction rate securities.
Metadata
- Subject
- Tax and Regulatory Matters
- Sender
- Greg Martin
- Recipients
- —
- Document ID
- DB-SDNY-0040549, SDNY GM_00188733
- Date
- 2011
Illegal Activity
- Severity
- suspicious
- Description
- Raymond James Financial Services, Inc. settled allegations that they failed to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities (ARS).
- Categories
- Securities violationsFraud
- Content Type
- first_hand
Evidence:
- Raymond James Financial Services, Inc. settled allegations that they failed to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities (ARS).
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Raymond James | business | Access Fund | Raymond James will act as a Placement Agent with respect to offering of the Interests of Access Fund. |
| Raymond James Financial Services, Inc. | legal | states, Puerto Rico, the Virgin Islands, and the District of Columbia | Raymond James settled with most of the states, Puerto Rico, the Virgin Islands, and the District of Columbia allegations that they failed to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities (ARS). |
Notable Quotes 2
Prospective Limited Partners should consult their own tax advisors regarding pending and proposed legislation or other changes.
Each investor must be prepared to bear the economic risk of the investment in the Interests for an indefinite period because the Interests cannot be sold unless they are subsequently registered under the Securities Act or an exemption for such registration is available.
Red Flags 1
- Past settlement involving Raymond James Financial Services, Inc. regarding the sale of auction rate securities.
Financial Information
Assets:
- Interests in the Access Fund
- Auction Rate Securities (ARS)
Transactions:
- Sale of auction rate securities (ARS)
- Raymond James offered to purchase eligible ARS from eligible customers and to pay fines.
Public Knowledge
- Context
- The settlement involving Raymond James Financial Services, Inc. was likely public knowledge at the time of the settlement.
- Media Worthy
- Yes
Legal Compliance
- Raymond James Financial Services, Inc. settled with most of the states, Puerto Rico, the Virgin Islands, and the District of Columbia allegations that they failed to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities (ARS).
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealingsCommunications/correspondence
People 2
Organizations 4
IRSSecurities and Exchange Commission (the "SEC")Raymond James Financial Services, Inc.Access Fund
Locations 4
U.S.Puerto RicoVirgin IslandsDistrict of Columbia
Financial Entities 1
Raymond James Financial Services, Inc.
Text Analysis
- Tone
- Informative, cautionary
- Purpose
- To inform prospective Limited Partners of tax and regulatory matters related to investing in the Access Fund, including a disclosure regarding a settlement involving Raymond James.
- Significance
- Provides important disclosures regarding tax implications and regulatory issues, including a past settlement involving the placement agent, Raymond James.
File Info
- File Name
- EFTA01355398.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:25.434333
- DOJ Source
- View on DOJ