Defendant Name:
KeyBanc Capital Markets Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
KeyCorp
SIC Code:
6021
CUSIP:
49326710
Document Reference:
34-97064
Document Details
Legal Case Name
In the Matter of KeyBanc Capital Markets Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b), 15B(c) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
07-Mar-2023
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On March 7, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against KeyBanc Capital Markets Inc., stating: "These proceedings involve KBCM’s failure to comply with Exchange Act Rule 15c2-12 (the “Rule”) when participating as an underwriter in certain primary offerings of municipal securities."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$263,607.66
Shared:
Civil Penalty
Individual:
$100,000.00
Shared:
Pre-Judgment Interest
Individual:
$33,528.55
Shared:
