KeyCorp
Approved Evidence
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2012–2015
Ongoing: No
Resolution status: Resolved
Resolution date: February 29, 2016
KeyBanc Capital Markets censured and fined for broker-dealer recordkeeping violations
Summary
SEC censured KeyBanc Capital Markets and imposed a $175,000 civil penalty after finding violations of Exchange Act broker-dealer books-and-records and reporting requirements. Source: https://www.sec.gov/litigation/admin/2016/34-77254.pdf
Evidence Weight
99.93
Severity: high
Recency Weight: 99.93470666608638
File Weight: 1
Added to Rotten Company: 8/26/2026
Conduct/Event period: 2020–2021
Ongoing: No
Resolution status: Resolved
Resolution date: January 7, 2026
KeyBank paid $7.77 million over fraudulent PPP loan-forgiveness claims
Summary
KeyBank agreed in January 2026 to pay $7.77 million to resolve False Claims Act allegations that it submitted forgiveness claims for fraudulent Paycheck Protection Program loans generated through misconduct by a branch manager. DOJ said KeyBank had compelling evidence that many loans were fraudulent before the forgiveness submissions. Source: https://www.justice.gov/usao-nj/pr/key-bank-agrees-pay-77-million-resolve-branch-managers-fraud
Evidence Weight
99.93
Severity: high
Recency Weight: 99.93449175956684
File Weight: 1