New York City-based Nomura Securities International Inc. has agreed to repay approximately $25 million to customers for its alleged failure to adequately supervise traders in mortgage-backed securities, according to the Securities and Exchange Commission, which reports settling charges filed in two related enforcement actions. Nomura Securities International is the wholly owned subsidiary of Nomura Holdings… 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 >>
