Illegal Activity
suspicious
Blackmail
none
Date
2011
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document notifies investors of a past settlement involving Raymond James Financial Services, Inc. regarding allegations of dishonest or unethical practices related to the sale of auction rate securities. The settlement involved Raymond James offering to purchase eligible ARS from eligible customers and paying fines.
Metadata
- Subject
- Regulatory Matters - Raymond James Settlement
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0096273, SDNY GM_00242457
- Date
- 2011
Illegal Activity
- Severity
- suspicious
- Description
- The document describes allegations against Raymond James related to the sale of auction rate securities, which could potentially constitute illegal activity.
- Categories
- Securities violationsFraud
- Content Type
- first_hand
Evidence:
- Allegations that Raymond James 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 | Legal Settlement | States, Puerto Rico, Virgin Islands, District of Columbia | Raymond James settled allegations of failing to supervise and/or engaging in dishonest or unethical practices related to the sale of auction rate securities (ARS). |
| Raymond James | Financial | Eligible Customers | Raymond James offered to purchase eligible ARS from eligible customers as part of the settlement. |
Notable Quotes 2
Beginning in 201 I. without admitting or denying any allegations, Raymond James Financial Services, Inc. ("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 (or substantially equivalent non-fraud based terms under relevant state statutes) related to the sale of auction rate securities (ARS).
Although Raymond James' ARS trade confirmations disclosed the risk that ARS auctions could fail and that Raymond James were not obliged to ensure their success, at the point-of-sale, some of Raymond James' financial advisers inaccurately described ARS.
Red Flags 1
- Raymond James' past settlement for dishonest or unethical practices related to ARS sales.
Financial Information
Assets:
- Auction Rate Securities (ARS)
Transactions:
- Sale of auction rate securities (ARS)
- Raymond James offered to purchase eligible ARS from eligible customers
Public Knowledge
- Context
- The settlement involving Raymond James and the sale of auction rate securities was likely reported in the media at the time.
- Media Worthy
- Yes
Legal Compliance
- Raymond James settled allegations of failing to supervise and/or engaging 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
Organizations 5
BBR PartnersIRSSecurities and Exchange Commission (the "SEC")Raymond JamesRaymond James Financial Services, Inc.
Locations 3
Puerto RicoVirgin IslandsDistrict of Columbia
Text Analysis
- Tone
- Informative, Legal
- Purpose
- To notify investors of certain events related to Raymond James' settlement regarding auction rate securities.
- Significance
- Discloses a past settlement involving Raymond James, which may be relevant to investors considering the Access Fund.
File Info
- File Name
- EFTA01391383.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:04.898017
- DOJ Source
- View on DOJ