secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. (CIK)
CIK:        0000810766
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001104659-23-125761
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810766/000110465923125761/0001104659-23-125761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810766/000110465923125761/tm2332692d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125761

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