SEC orders Credit Suisse Asset Management to pay $10M, cease-and-desist for Section 9(a) violations

CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.

SEC entered cease-and-desist order on Dec 13, 2023 censuring Credit Suisse and affiliates.
Credit Suisse acted as investment adviser to the fund from Oct 2022 to June 2023 while disqualified.
Penalty includes $10,080,220 in disgorgement, prejudgment interest, and civil penalties.
SEC granted UBS a permanent Section 9(a) exemption in July 2023; advisory transition by June 2024.
Fund was not involved in the consent judgment that triggered the disqualification.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.