Illegal Activity
suspicious
Blackmail
none
Date
2013-09-23
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document informs potential investors about legal and regulatory matters related to the offering of interests in Glendower Capital Secondary Opportunities Fund N. LP. It discloses past settlements involving placement agents Credit Suisse and Raymond James related to auction rate securities, where both firms neither admitted nor denied wrongdoing.
Metadata
- Subject
- Scotian 9: Certain Legal. ERISA and Tax Considerations
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0040644, SDNY GM_00186828
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document describes past settlements involving Credit Suisse and Raymond James related to auction rate securities, indicating potential past securities violations.
- Categories
- Securities violations
- Content Type
- court_document
Evidence:
- Dishonest or unethical conduct related to the marketing and sale of auction rate securities
- Failure to supervise reasonably
- Inaccurately characterizing or failing to adequately disclose the true nature and risks associated with auction rate securities investments
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Capital Secondary Opportunities Fund N. LP | Business | Investors | Fund offering interests to investors |
| Credit Suisse Securities (USA) LLC (CSSU') | Legal | New York State Attorney General's Office and the North American Securities Administrators Association Task Force | Settlement agreement regarding auction rate securities |
| Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. | Legal | States, Puerto Rico, the Virgin Islands, and the District of Columbia | Settlement regarding auction rate securities |
Notable Quotes 2
Under the settlement agreement, CSSU neither admits nor denies wrongdoing.
Raymond James neither admit nor deny wrongdoing
Red Flags 1
- Past regulatory settlements involving placement agents Credit Suisse and Raymond James
Financial Information
Amounts:5550 million515 million
Assets:
- Auction rate securities
Transactions:
- Repurchase of auction rate securities
- Payment of civil penalties
Public Knowledge
- Context
- Settlements involving Credit Suisse and Raymond James related to auction rate securities were likely reported in the media at the time.
Legal Compliance
- Disqualification under paragraph (d)(1) of Rule 506 of Regulation D
- Settlements involving Credit Suisse and Raymond James related to auction rate securities
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowBusiness dealingsCompliance issues
People 1
Organizations 6
Glendower Capital Secondary Opportunities Fund N. LPCredit Suisse Securities (USA) LLC (CSSU')New York State Attorney General's OfficeNorth American Securities Administrators Association Task ForceRaymond James & Associates, Inc.Raymond James Financial Services, Inc.
Locations 5
U.S.North AmericanPuerto RicoVirgin IslandsDistrict of Columbia
Financial Entities 2
Credit SuisseRaymond James
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To inform potential investors about legal and regulatory matters related to the offering of interests in Glendower Capital Secondary Opportunities Fund N. LP, including past settlements involving placement agents Credit Suisse and Raymond James.
- Significance
- Discloses potential conflicts of interest or past regulatory issues related to placement agents involved in the offering.
File Info
- File Name
- EFTA01355469.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:48.311599
- DOJ Source
- View on DOJ