Defendant Name:
Thomas Weisel Partners LLC
Defendant Type:
Other
Document Reference:
comp18855
Document Details
Legal Case Name
SEC v. Thomas Weisel Partners LLC
Document Name
Complaint
Document Date
26-Aug-2004
Document Format
Civil Proceeding
Case Number
04-cv-06910
Federal District Court
New York, Southern District of New York
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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. "
Related Documents:
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. "
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.
Global Research Analyst Settlement; SEC Consents to Termination of Undertakings in Global Research Analyst Settlement
On December 5, 2025, the SEC stated that: "[It] consented to modifications to the
October 2003 . . . and September 2004 . . . final judgments against settling firms still
covered by the Global Research Analyst Settlement, a global settlement of SEC and other
enforcement actions against twelve investment banks and two individuals. The modifications
are subject to court approval."
Response to Defendants' Motion to Modify Final Judgment
The SEC stated: "[T]he Securities and
Exchange Commission (SEC) consents to the relief sought by the motions and
agrees that the final judgments should be modified as reflected in the proposed
orders submitted by each respective Defendant. . . . Based on these unique facts and circumstances, the SEC believes
modification of the Judgment is in the public interest."
