trending Market Intelligence /marketintelligence/en/news-insights/trending/OVL55TPgpmJzcD1tm8JvCA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Former Sterne Agee managing director admits to bribery scheme

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Former Sterne Agee managing director admits to bribery scheme

Former Sterne Agee Managing Director Deborah Kelley has pleaded guilty to bribery allegations.

Acting U.S. Attorney for the Southern District of New York Joon Kim said Kelley admitted in participating in a "pay-to-play" bribery scheme from 2014 through 2016. Kelley provided entertainment, travel and meals to Navnoor Kang, former director of fixed income and head of portfolio strategy for the New York State Common Retirement Fund in exchange for fixed-income business.

As a result of the scheme, Sterne Agee's domestic bond transactions with the fund totaled approximately $156 million and $179 million for the fiscal years ending in March 2015 and March 2016, respectively. The company had no transactions with the fund in the fiscal year ending in March 2014. The trades resulted to hundreds of thousands of dollars in commissions to the broker, with Kelley earning approximately 35% to 40%.

In addition, Kelly pleaded guilty to committing conspiracy to commit securities fraud and honest services wire fraud after attempting to conceal the bribery scheme with Kang during a 2015 and 2016 investigation led by the Securities and Exchange Commission.

In December 2016, a former vice president of fixed income sales at another New York-based broker, Gregg Schonhorn, also pleaded guilty for his participation in the bribery scheme.

Charges of conspiracy, securities fraud, honest services wire fraud and obstruction of justice against Kang are currently pending.