In re DEBORAH D. KELLEY
In re DEBORAH D. KELLEY, No. 1:16-cr-837 (Dec. 26, 2019)
summary
Former registered representative Deborah D. Kelley was barred from the securities industry after pleading guilty to a conspiracy to defraud the New York State Common Retirement Fund.
paragraph
Deborah D. Kelley pleaded guilty to conspiracy to commit securities fraud involving an undisclosed ski trip for a fund director. She was sentenced to three years of probation, a $50,000 fine, and the forfeiture of $187,991.19. The SEC subsequently barred her from associating with brokers, dealers, and investment advisers, and prohibited her from penny stock participation.
narrative
Deborah D. Kelley, a former registered representative, engaged in a scheme between 2014 and 2016 to defraud the New York State Common Retirement Fund. She conspired with a fund director by paying for an undisclosed ski trip to Park City, Utah. Following her guilty plea to conspiracy to commit securities fraud, Kelley was sentenced to three years of probation, six months of home confinement, and 1,000 hours of community service. Additionally, she was ordered to pay a $50,000 fine and forfeit $187,991.19. To resolve the SEC administrative proceedings, Kelley agreed to be barred from associating with brokers, dealers, investment advisers, and other financial entities. She is also prohibited from participating in any penny stock offerings.
Classified insider-trading(confidence 80%). EDGAR detection: forms 4/3/5/144· recall 81% / precision 19%. detection rule →
Statutes
18 U.S.C. § 371SECTION 15(b) OF THE SECURITIES EXCHANGE ACT
Parties
Securities and Exchange CommissionDEBORAH D. KELLEY
Keywords
kelleycommissiondeborah kelleysecurities exchangerespondentsecuritiesexchangeorderproceedingsdeborahpursuantpublic administrativeadministrative proceedingspursuant securitiesrespondent kelley
Extracted insights
Dollar amounts 2
- $188K $187,991 $100K–$1M
- $50K $50,000 $10K–$100K
Entities 9
- person administrative proceedings
- scheme_term conspiracy to commit securities fraud
- person deborah d. kelley
- person respondent kelley
- agency Securities and Exchange Commission
- organization Securities and Exchange Commission
- scheme_term securities fraud
- agency the securities and exchange commission
- scheme_term to one count of conspiracy to commit securities fraud
Triples 38
- The Securities and Exchange Commission deems appropriate public administrative proceedings
- Respondent submitted an Offer of Settlement
- Respondent admits jurisdiction of the Commission
- Respondent consents to entry of the Order
- Deborah D. Kelley resides in Piedmont, California
- Kelley was a registered representative of a registered broker-dealer based in Birmingham, Alabama
- Kelley was a registered representative of a registered broker-dealer based in St. Louis, Missouri
- Kelley was a registered representative of a registered broker-dealer based in New York, New York
- Kelley pled guilty to one count of conspiracy to commit securities fraud
- Kelley engaged in a scheme with a co-conspirator to defraud NYSCRF
- Kelley paid for the co-conspirator’s ski trip to Park City, Utah
- Kelley was sentenced to three years of probation
- Kelley forfeited $187,991.19
- Kelley was fined $50,000
- The Commission deems appropriate to impose the sanctions
- Respondent Kelley is barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization
- Respondent Kelley is barred from participating in any offering of a penny stock
- Deborah D. Kelley pled guilty to one count of conspiracy to commit securities fraud, in violation of 18 U.S.C. § 371
- Deborah D. Kelley committed securities fraud by paying for a co-conspirator’s ski trip to Park City, Utah, which was not disclosed to the NYSCRF
- Deborah D. Kelley was sentenced to three years of probation, with six months of home confinement and one thousand hours of community service
- Deborah D. Kelley forfeited $187,991.19
- Deborah D. Kelley was fined $50,000
- the Commission barred Deborah D. Kelley from association with any broker, dealer, investment adviser, or related entity
- the Commission barred Deborah D. Kelley from participating in any offering of a penny stock
- Securities and Exchange Commission instituted administrative proceedings
- Deborah D. Kelley pled guilty conspiracy to commit securities fraud
- Deborah D. Kelley committed securities fraud
- Deborah D. Kelley paid for ski trip
- Deborah D. Kelley forfeited $187,991.19
- Deborah D. Kelley was fined $50,000
- Securities and Exchange Commission barred Deborah D. Kelley
- Deborah D. Kelley pled guilty to one count of conspiracy to commit securities fraud
- Deborah D. Kelley committed securities fraud by paying for a co-conspirator's ski trip to Park City, Utah
- Deborah D. Kelley was sentenced to three years of probation, six months of home confinement, and one thousand hours of community service
- Deborah D. Kelley forfeited $187,991.19
- Deborah D. Kelley was fined $50,000
- the Commission barred Deborah D. Kelley from association with any broker, dealer, investment adviser, or related entity
- the Commission barred Deborah D. Kelley from participating in any offering of a penny stock
Text layers
Extracted body text (4,998c)
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 82838 / March 9, 2018
ADMINISTRATIVE PROCEEDING
File No. 3-18394
In the Matter of
DEBORAH D. KELLEY,
Respondent.
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 15(b) OF THE
SECURITIES EXCHANGE ACT OF 1934,
MAKING FINDINGS, AND IMPOSING
REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the
public interest that public administrative proceedings be, and hereby are, instituted pursuant to
Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Deborah D. Kelley
(“Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer
of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the
purpose of these proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, Respondent admits the Commission’s
jurisdiction over her and the subject matter of these proceedings, and the findings contained in
paragraph III.2 below: and consents to the entry of this Order Instituting Public Administrative
Proceedings Pursuant To Section 15(b) Of The Securities Exchange Act Of 1934, Making
Findings, And Imposing Remedial Sanctions (“Order”), as set forth below.
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:
1. Deborah D. Kelley, age 59, resides in Piedmont, California. From January 2012 to
September 2015, Kelley was a registered representative of a registered broker-dealer based in
Birmingham, Alabama, and its successor, a registered broker-dealer based in St. Louis, Missouri.
2
From October 2015 to December 2016, Kelley was a registered representative of a registered broker-
dealer based in New York, New York.
2. On May 30, 2017, Kelley pled guilty to one count of conspiracy to commit securities
fraud, in violation of 18 U.S.C. § 371, before the United States District Court for the Southern
District of New York, in United States v. Deborah Kelley, 1:16-cr-837.
3. The count to which Kelley pled guilty alleged, among other things that, from on or
about 2014 to 2016, Kelley willfully and knowingly committed securities fraud by engaging in a
scheme with a co-conspirator, who served as a director of the New York State Common Retirement
Fund (“NYSCRF”), to defraud NYSCRF. Specifically, the superseding information alleged, in
relevant part, that Kelley paid for the co-conspirator’s ski trip to Park City, Utah, which the co-
conspirator did not disclose to the NYSCRF.
4. As a result of this conduct, on Sptember 29, 2017, Kelley was sentenced to three
years of probation, with six months of home confinement and one thousand hours of community
service. In addition, Kelley forfeited $187,991.19 and was fined $50,000.
IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to
impose the sanctions agreed to in Respondent Kelley’s Offer.
Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act that
Respondent Kelley be, and hereby is barred from association with any broker, dealer, investment
adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized
statistical rating organization.
Pursuant to Section 15(b)(6) of the Exchange Act Respondent Kelley be, and hereby is
barred from participating in any offering of a penny stock, including: acting as a promoter, finder,
consultant, agent or other person who engages in activities with a broker, dealer or issuer for
purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the
purchase or sale of any penny stock.
Any reapplication for association by the Respondent will be subject to the applicable laws
and regulations governing the reentry process, and reentry may be conditioned upon a number of
factors, including, but not limited to, the satisfaction of any or all of the following: (a) any
disgorgement ordered against the Respondent, whether or not the Commission has fully or partially
waived payment of such disgorgement; (b) any arbitration award related to the conduct that served
as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a
customer, whether or not related to the conduct that served as the basis for the Commission order;
3
and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct
that served as the basis for the Commission order.
For the Commission, by its Secretary, pursuant to delegated authority.
Brent J. Fields
Secretary OCR text (5,033c · tika · 95% conf)
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 82838 / March 9, 2018
ADMINISTRATIVE PROCEEDING
File No. 3-18394
In the Matter of
DEBORAH D. KELLEY,
Respondent.
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 15(b) OF THE
SECURITIES EXCHANGE ACT OF 1934,
MAKING FINDINGS, AND IMPOSING
REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the
public interest that public administrative proceedings be, and hereby are, instituted pursuant to
Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Deborah D. Kelley
(“Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer
of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the
purpose of these proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, Respondent admits the Commission’s
jurisdiction over her and the subject matter of these proceedings, and the findings contained in
paragraph III.2 below: and consents to the entry of this Order Instituting Public Administrative
Proceedings Pursuant To Section 15(b) Of The Securities Exchange Act Of 1934, Making
Findings, And Imposing Remedial Sanctions (“Order”), as set forth below.
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:
1. Deborah D. Kelley, age 59, resides in Piedmont, California. From January 2012 to
September 2015, Kelley was a registered representative of a registered broker-dealer based in
Birmingham, Alabama, and its successor, a registered broker-dealer based in St. Louis, Missouri.
2
From October 2015 to December 2016, Kelley was a registered representative of a registered broker-
dealer based in New York, New York.
2. On May 30, 2017, Kelley pled guilty to one count of conspiracy to commit securities
fraud, in violation of 18 U.S.C. § 371, before the United States District Court for the Southern
District of New York, in United States v. Deborah Kelley, 1:16-cr-837.
3. The count to which Kelley pled guilty alleged, among other things that, from on or
about 2014 to 2016, Kelley willfully and knowingly committed securities fraud by engaging in a
scheme with a co-conspirator, who served as a director of the New York State Common Retirement
Fund (“NYSCRF”), to defraud NYSCRF. Specifically, the superseding information alleged, in
relevant part, that Kelley paid for the co-conspirator’s ski trip to Park City, Utah, which the co-
conspirator did not disclose to the NYSCRF.
4. As a result of this conduct, on Sptember 29, 2017, Kelley was sentenced to three
years of probation, with six months of home confinement and one thousand hours of community
service. In addition, Kelley forfeited $187,991.19 and was fined $50,000.
IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to
impose the sanctions agreed to in Respondent Kelley’s Offer.
Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act that
Respondent Kelley be, and hereby is barred from association with any broker, dealer, investment
adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized
statistical rating organization.
Pursuant to Section 15(b)(6) of the Exchange Act Respondent Kelley be, and hereby is
barred from participating in any offering of a penny stock, including: acting as a promoter, finder,
consultant, agent or other person who engages in activities with a broker, dealer or issuer for
purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the
purchase or sale of any penny stock.
Any reapplication for association by the Respondent will be subject to the applicable laws
and regulations governing the reentry process, and reentry may be conditioned upon a number of
factors, including, but not limited to, the satisfaction of any or all of the following: (a) any
disgorgement ordered against the Respondent, whether or not the Commission has fully or partially
waived payment of such disgorgement; (b) any arbitration award related to the conduct that served
as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a
customer, whether or not related to the conduct that served as the basis for the Commission order;
3
and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct
that served as the basis for the Commission order.
For the Commission, by its Secretary, pursuant to delegated authority.
Brent J. Fields
Secretary