Illegal Activity
none
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. These disclosures are relevant to potential investors in Glendower Capital Secondary Opportunities Fund IV. LP.
Metadata
- Subject
- Scotian 9: Certain Legal. ERISA and Tax Considerations
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0094624
- Date
- 2013-09-23
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Capital Secondary Opportunities Fund IV. LP | legal | Credit Suisse Securities (USA) LLC (CSSU') | Credit Suisse Securities (USA) LLC 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.' |
| Glendower Capital Secondary Opportunities Fund IV. LP | legal | Raymond James & Associates, Inc. | 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. |
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 for dishonest or unethical conduct related to the marketing and sale of 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 document references settlements related to auction rate securities, which were a significant issue in the financial industry.
Legal Compliance
- Securities Act of 1933
- Regulation D
- Regulation S
- Rule 506(e) of Regulation D
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowBusiness dealings
People 1
Organizations 6
Glendower 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.
Locations 4
U.S.Puerto RicoVirgin IslandsDistrict of Columbia
Financial Entities 2
Credit SuisseRaymond James
Text Analysis
- Tone
- Informative
- Purpose
- To disclose legal matters related to Credit Suisse and Raymond James that would have triggered disqualification under paragraph (d)(1) of Rule 506 of Regulation D promulgated under the Securities Act.
- Significance
- This document is significant because it discloses past legal settlements involving placement agents (Credit Suisse and Raymond James) that are relevant to the offering of interests in Glendower Capital Secondary Opportunities Fund IV. LP.
File Info
- File Name
- EFTA01390207.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:23.573829
- DOJ Source
- View on DOJ