Defendant Name: Thomas Weisel Partners LLC

Defendant Type: Other

Initial Case Details

Legal Case Name SEC v. Thomas Weisel Partners LLC
First Document Date 26-Aug-2004
Initial Filing Format Civil Proceeding
Case Number 04-cv-06910
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Section 17(b) Exchange Act; Rules 2110, 2210, 3010 Conduct Rules of NASD; Rules 342, 401, 472, 476 NYSE

Resolutions

First Resolution Date 26-Aug-2004
Headline Total Penalty and Disgorgement $12,500,000

Related Documents:

LR-18855 26-Aug-2004 Litigation Release
SEC Sues Thomas Weisel Partners LLC For Research Analyst Conflicts Of Interest Firm To Pay $12.5 Million to Settle With SEC, NASD, NYSE, and State Regulators
According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against Thomas Weisel Partners LLC, a San Francisco, California-based brokerage firm and investment bank, arising from an investigation of research analyst conflicts of interest. This settlement is related to the global settlement that ten other firms reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), and state regulators in April 2003. "
comp18855 26-Aug-2004 Complaint
Complaint
According to the SEC: "TWP engaged in acts and practices that created and/or maintained inappropriate influence by investment banking over research analysts, thereby creating conflicts of interest for its research analysts. "
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Thomas Weisel Partners LLC and the other firms covered by the Global Research Analyst Settlement.