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 is a legal disclosure for potential investors in Glendower Capital Secondary Opportunities Fund IV. LP, outlining certain legal, ERISA, and tax considerations. It specifically discloses past settlements involving placement agents Credit Suisse and Raymond James related to auction rate securities, where both entities neither admitted nor denied wrongdoing.
Metadata
- Subject
- Certain Legal, ERISA and Tax Considerations
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0100680, SDNY GM_00246864
- Date
- 2013-09-23
Illegal Activity
- Severity
- suspicious
- Description
- The document discusses past settlements related to dishonest or unethical practices in the sale of auction rate securities by Credit Suisse and Raymond James. While the document itself doesn't present evidence of ongoing illegal activity, the past settlements raise concerns about potential misconduct.
- Content Type
- court_document
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 NY State Attorney General's Office to settle investigations concerning 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 placement agents 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 regarding the settlements involving Credit Suisse and Raymond James may have been previously reported in the media.
Legal Compliance
- Disclosure of past legal settlements involving Credit Suisse and Raymond James related to auction rate securities.
- Requirement to furnish a description of any matters that would have triggered disqualification under paragraph (d)(1) of Rule 506 of Regulation D but occurred before the rule's effective date.
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowBusiness dealings
People 1
Organizations 8
Glendower Capital Secondary Opportunities Fund IV. LPSecurities Act of 1933New York State Attorney General's OfficeNorth American Securities Administrators Association Task ForceCredit Suisse Securities (USA) LLC (CSSU')Raymond James & Associates, Inc.Raymond James Financial Services, Inc.Raymond James
Locations 4
U.S.Puerto Ricothe Virgin Islandsthe District of Columbia
Financial Entities 3
Credit SuisseRaymond James & Associates, Inc.Raymond James Financial Services, Inc.
Text Analysis
- Tone
- Informative
- Purpose
- To inform potential investors of legal and regulatory considerations, specifically regarding past settlements involving placement agents Credit Suisse and Raymond James related to auction rate securities.
- Significance
- This document is significant because it discloses potential legal risks associated with the investment, particularly concerning the past conduct of placement agents.
File Info
- File Name
- EFTA01394646.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:30.716789
- DOJ Source
- View on DOJ