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 is part of a private placement memorandum for Glendower Capital Secondary Opportunities Fund IV. LP, disclosing past regulatory settlements involving placement agents Credit Suisse and Raymond James related to auction rate securities. It informs potential investors about legal and regulatory matters related to the offering.
Metadata
- Subject
- Certain Legal, ERISA and Tax Considerations - Glendower Capital Secondary Opportunities Fund IV. LP - Securities Law Matters
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0097695, SDNY GM_00243879
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document describes past settlements related to the sale of auction rate securities, which could indicate past illegal activity. However, the document does not describe ongoing or planned illegal activity.
- Categories
- Securities violationsFailure to supervise
- Content Type
- first_hand
Evidence:
- Settlements with state regulators regarding dishonest or unethical conduct related to the marketing and sale of auction rate securities by Credit Suisse and Raymond James.
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Capital Secondary Opportunities Fund IV. LP | Business | Investors | Fund offering interests to investors. |
| Credit Suisse Securities (USA) LLC (CSSU') | Legal | New York State Attorney General's Office | CSSU reached an agreement with the NY Attorney General's Office to settle investigations concerning investment products. |
| Raymond James & Associates, Inc. | Legal | 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 regulatory settlements involving placement agents Credit Suisse and Raymond James.
Financial Information
Amounts:5550 million515 million
Assets:
- Auction rate securities
Transactions:
- Repurchase of auction rate securities
- Payment of civil penalties
Public Knowledge
- Context
- The settlements involving Credit Suisse and Raymond James were likely reported in the media at the time.
- Media Worthy
- Yes
Legal Compliance
- Disclosure of past regulatory 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 dealingsCompliance issues
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 RicoVirgin IslandsDistrict of Columbia
Financial Entities 3
Credit Suisse Securities (USA) LLC (CSSU')Raymond James & Associates, Inc.Raymond James Financial Services, Inc.
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To inform potential investors about legal and regulatory matters related to the offering of interests in Glendower Capital Secondary Opportunities Fund IV. LP, including past settlements involving placement agents Credit Suisse and Raymond James.
- Significance
- Discloses potential conflicts of interest or past regulatory issues involving placement agents, which is important information for investors.
File Info
- File Name
- EFTA01392470.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:32.799488
- DOJ Source
- View on DOJ