- 2016
Respondent was the CFO of KeyBanc Capital Market Inc. and this proceeding concerned his role in KBCM’s failure to make and keep accurate books and records. The SEC found that he directed that unsubstantiated “plug” entries be made to one or more accounts in KBCM’s general ledger, in order to complete the monthly closing-of-the-books. These entries resulted in a $13,679,000 overstatement of assets. Respondent was not assessed a monetary penalty upon a sworn inability to pay.
