Every material Form 8-K UBS ASSET MANAGEMENT HIGH YIELD CREDIT FUND filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The SEC issued a cease-and-desist order against Credit Suisse and affiliates, which consented without admitting or denying findings. The SEC said Credit Suisse acted as the fund's investment adviser in violation of Section 9(a) of the Investment Company Act of 1940 from October 24, 2022 to June 7, 2023, and the firms agreed to pay $10,080,220 in disgorgement, interest and civil penalties.
SEC order dated December 13, 2023; Credit Suisse and affiliates censured and agreed to cease and desist
Alleged violation period: October 24, 2022 to June 7, 2023
Total payment of disgorgement, prejudgment interest and civil penalties: $10,080,220
Fund services continue under a time-limited exemption through June 12, 2024, when they are expected to move to UBS advisers
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every UBS ASSET MANAGEMENT HIGH YIELD CREDIT FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →