Ex-Sterne Agee Analyst Takes Stand To Deny SEC Bribe Rap

Law360, New York (July 16, 2020, 6:25 PM EDT) -- Former Sterne Agee managing director John Paulsen told a Manhattan federal judge Thursday that he is not liable in a U.S. Securities and Exchange Commission suit claiming he tried to drum up extra business by helping to bribe a pension manager who oversaw $50 billion.

Paulsen, a veteran research analyst, testified at a video bench trial before U.S. District Judge Paul G. Gardephe. A time frame for any decision on liability by Judge Gardephe was not clear. The trial is on track to wrap Friday.

Paulsen was hit with the SEC complaint in 2018, accused of helping co-worker Deborah Kelley hide...

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