The Kroll Bond Rating Agency (KBRA) has settled with the SEC over allegations that the ratings company had problems with the internal controls governing the rating of commercial mortgage-backed securities (CMBS), and of collateralized loan obligation combination notes (CLO Combo Notes). KBRA has agreed to pay more than $2 million to settle the charges. “KBRA… Read More >>
Ex-Nomura Traders Charged with Lying to Customers
The SEC has charged a pair of former head traders at Nomura Securities International with “deliberately lying to customers” to inflate the profits of the commercial mortgage-backed securities (CMBS) desk in New York and allegedly line their own pockets. The SEC alleges that James Im and Kee Chan, who ran the CMBS desk, “each misrepresented… Read More >>
