secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT SUISSE HIGH YIELD CREDIT FUND (DHY)
CIK:        0001061353
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001104659-23-125772
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SEC orders Credit Suisse Asset Management to pay $10M for violating Investment Company Act in managing DHY
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- SEC administrative order finds Credit Suisse violated Section 9(a) of 1940 Act from Oct 2022 to Jun 2023 while acting as adviser to DHY.
- Credit Suisse and affiliates censured, agree to cease and desist; pay disgorgement, interest, and civil penalties totaling $10,080,220.
- Fund not involved in underlying consent judgment; services continue under temporary exemption until June 12, 2024, then transition to UBS advisers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061353/000110465923125772/0001104659-23-125772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061353/000110465923125772/tm2332692d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125772

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