Illegal Activity
suspicious
Blackmail
none
Date
2013-09-23
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document discloses past legal settlements involving Credit Suisse and Raymond James related to auction rate securities, as required under Rule 506(e) of Regulation D. It informs potential investors in Glendower Capital Secondary Opportunities Fund IV. LP about these matters.
Metadata
- Subject
- Glendower Capital Secondary Opportunities Fund IV. LP - Securities Law Matters
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0094193
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document describes past settlements related to the sale of auction rate securities, where firms allegedly failed to adequately disclose the risks associated with these investments. This raises concerns about potential violations of securities laws.
- Content Type
- first_hand
Evidence:
- Raymond James offered and sold to some of their customers auction rate securities while not accurately characterizing or while failing to adequately disclose the true nature and risks associated with these investments.
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Credit Suisse Securities (USA) LLC ('CSSU') | legal settlement | New York State Attorney General's Office | CSSU reached an agreement with the New York State Attorney General's Office to settle investigations concerning investment products generally known as 'auction rate securities.' |
| Raymond James & Associates, Inc. | legal settlement | 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. |
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 legal settlements involving Credit Suisse and Raymond James related to auction rate securities.
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 information relates to past legal settlements involving financial institutions, which may be of interest to the public and media.
Legal Compliance
- Disclosures related to Rule 506(e) of Regulation D promulgated under the Securities Act.
- 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 dealings
Organizations 9
EverWatch FinancialScotian 9Glendower Capital Secondary Opportunities Fund IV. 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.Raymond James
Locations 4
U.S.Puerto RicoVirgin IslandsDistrict of Columbia
Financial Entities 2
Credit SuisseRaymond James
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To disclose matters that would have triggered disqualification under paragraph (d)(1) of Rule 506 of Regulation D but occurred before the rule's effective date, September 23, 2013, including as a result of such matters associated with a placement agent engaged by the General Partner with respect to the offering of interests.
- Significance
- This document is significant because it discloses past legal settlements involving Credit Suisse and Raymond James related to auction rate securities, which could be relevant to investors in Glendower Capital Secondary Opportunities Fund IV. LP.
File Info
- File Name
- EFTA01389827.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:18.205157
- DOJ Source
- View on DOJ