⁍ A Manhattan federal judge has found a former analyst at Sterne Agee liable for covering up a ski trip aimed at winning business from a state pension fund.
⁍ U.S. District Judge Paul Gardephe in an opinion on Friday said John Paulsen knew the $12,700 trip he took with a former colleague and client in 2015 was an illegal quid pro quo and lied to protect himself.
– A former Sterne Agee analyst was found liable for covering up a ski trip meant to win business from a New York state pension fund in a victory for the Securities and Exchange Commission, Westlaw Today reports. US District Judge Paul Gardephe in an opinion on Friday said John Paulsen, represented by Armstrong Teasdale, knew the $12,700 trip he took with a former colleague and client on the Birmingham, Alabama-based brokerage’s dime in 2015 was an illegal quid pro quo and lied to protect himself.
Source: https://www.reuters.com/article/securities-trial-sterneagee/ex-sterne-agee-analyst-liable-for-improper-gifts-to-pension-fund-manager-idUSL1N2HH2O6