Illegal Activity
suspicious
Blackmail
none
Date
2013-09-23
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document discloses legal matters related to Credit Suisse and Raymond James, specifically settlements related to auction rate securities, as required under Rule 506(e) of Regulation D. It states that neither Credit Suisse nor Raymond James admitted wrongdoing in the settlements.
Metadata
- Subject
- Glendower Capital Secondary Opportunities Fund IV. LP: Certain Legal. ERISA and Tax Considerations
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0097263, SDNY GM_00243447
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document describes past settlements involving Credit Suisse and Raymond James for dishonest or unethical practices related to the sale of auction rate securities.
- Categories
- Securities violationsFailure to superviseDishonest or unethical practices
- Content Type
- first_hand
Evidence:
- CSSU engaging in dishonest or unethical conduct related to the marketing and sale of auction rate securities and failure to supervise reasonably.
- Raymond James failing to supervise and/or engaged in dishonest or unethical practices related to the sale of auction rate securities.
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Capital Secondary Opportunities Fund IV. LP | Legal | Securities Act of 1933 | The Interests described herein will not be registered under the Securities Act |
| Credit Suisse Securities (USA) LLC (CSSU') | Legal | 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. | Business | Raymond James Financial Services. 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 related to auction rate securities.
Financial Information
Amounts:5550 million515 million
Assets:
- auction rate securities
Transactions:
- CSSU agreed to repurchase up to 5550 million of auction rate securities held by certain investors and 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.
- Media Worthy
- Yes
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
People 1
Organizations 7
Glendower Capital Secondary Opportunities Fund IV. LPCredit SuisseCredit 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 Ricothe Virgin Islandsthe District of Columbia
Financial Entities 3
Credit Suisse Securities (USA) LLC (CSSU')Raymond James & Associates, Inc.Raymond James Financial Services. Inc.
Text Analysis
- Tone
- Formal, legal
- 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 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
- EFTA01392104.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:34.442291
- DOJ Source
- View on DOJ