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KeyBanc Capital Markets Review
KeyBanc Capital Markets is the institutional investment bank and broker dealer arm of KeyCorp. It works with corporations and institutions, not retail traders.
Min Deposit
N/A
Spreads From
Not applicable, this is not a spread based retail forex or CFD broker
Max Leverage
Not applicable, no retail margin accounts are offered
Platforms
Institutional underwriting and trading desks
Pros
- SEC registered since 1983 and a FINRA member broker dealer since 1998
- Backed by KeyCorp, a large publicly listed US bank holding company
- Wide institutional coverage across underwriting, M and A, and derivatives
- Serves large and middle market companies with real sector expertise
Cons
- Settled with FINRA in 2012 over gaps supervising employee outside accounts
- The SEC ordered a 440,000 dollar civil penalty, paid in full in 2016
- Sold its retail brokerage business in 2007, so no retail accounts exist
KeyBanc Capital Markets has been registered with the SEC since 1983. It became a FINRA broker dealer in 1998, when parent company KeyCorp bought McDonald and Company Investment. The firm is based in Cleveland, Ohio.
In 2007, KeyBanc sold its retail brokerage business, so it now works only with institutional and corporate clients. It covers public finance, debt and equity underwriting, mergers and acquisitions, derivatives, and syndicated loans for large and middle market companies.
The firm has a real regulatory history. In 2012, it settled with FINRA over gaps in supervising employee outside brokerage accounts after the 2007 retail sale. Separately, the SEC ordered a 440,000 dollar civil penalty against the firm, which it paid in full in March 2016.
Max Leverage
Not applicable, no retail margin accounts are offered
Spreads From
Not applicable, this is not a spread based retail forex or CFD broker
Platforms
Regulators
- SEC (USA)
- FINRA
- OCC
