Illegal Activity
suspicious
Blackmail
none
Date
2013-09-23
Document Type
memorandum
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a memorandum disclosing potential legal and ERISA considerations for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines past settlements involving Credit Suisse and Raymond James related to auction rate securities, which could be relevant to investors.
Metadata
- Subject
- Certain Legal, ERISA and Tax Considerations - Glendower Capital Secondary Opportunities Fund IV, LP - Securities Law Matters
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0093759
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document describes past settlements related to the sale of auction rate securities by Credit Suisse and Raymond James. While the document itself doesn't describe ongoing illegal activity, the past settlements raise concerns about potential securities violations and failure to supervise.
- Categories
- Securities violationsFailure to supervise
- Content Type
- first_hand
Evidence:
- Settlements with state regulators for dishonest or unethical conduct related to the marketing and sale of auction rate securities.
- Allegations of failure to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities.
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Capital Secondary Opportunities Fund IV, LP | placement agent | Credit Suisse | Credit Suisse was a placement agent engaged by the General Partner with respect to the offering of interests. |
| Glendower Capital Secondary Opportunities Fund IV, LP | placement agent | Raymond James | Raymond James will also serve as placement agent with respect to the offering of certain interests. |
Notable Quotes 2
Under the settlement agreement, CSSU neither admits nor denies wrongdoing.
Under the settlement orders. Raymond James neither admit nor deny wrongdoing
Red Flags 1
- Past settlements involving Credit Suisse and Raymond James related to auction rate securities may raise concerns for potential investors.
Financial Information
Amounts:5550 million515 million
Assets:
- auction rate securities
Transactions:
- repurchase up to 5550 million of auction rate securities
- pay civil penalties of 515 million
- Raymond James offered to purchase eligible auction rate securities from eligible customers and to pay fines.
Public Knowledge
- Context
- The settlements involving Credit Suisse and Raymond James related to auction rate securities were likely reported in the media at the time.
Legal Compliance
- Credit Suisse Securities (USA) LLC ('CSSU') reached an agreement with the New York State Attorney General's Office and the North American Securities Administrators Association Task Force to settle investigations concerning investment products generally known as 'auction rate securities.'
- Raymond James & Associates, Inc. and 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.
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowBusiness dealings
Organizations 9
Georgetown University EndowmentGlendower Capital Secondary Opportunities Fund IV, LPCredit Suisse Securities (USA) LLCNew York State Attorney General's OfficeNorth American Securities Administrators Association Task ForceCredit SuisseRaymond James & Associates, Inc.Raymond James Financial Services, Inc.Raymond James
Locations 5
U.S.Puerto RicoVirgin IslandsDistrict of ColumbiaNew York
Financial Entities 3
Credit Suisse Securities (USA) LLCRaymond James & Associates, Inc.Raymond James Financial Services, Inc.
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To disclose potential conflicts of interest and legal issues related to placement agents involved in the offering of interests in Glendower Capital Secondary Opportunities Fund IV, LP.
- Significance
- This document is significant because it outlines past legal settlements involving Credit Suisse and Raymond James related to auction rate securities, which could be relevant to investors considering investing in the fund.
File Info
- File Name
- EFTA01389401.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:11.309930
- DOJ Source
- View on DOJ