Nomura to pay $25 million for mortgage bond traders' lies to customers

Nomura to pay million for mortgage bond traders' lies to customers
Nomura Securities International will pay a fine of $25 million after the Securities and Exchange Commission accused several of the company’s former mortgage bond traders of lying to customers about the nature of the trades. According to the SEC, several Nomura RMBS and CMBS traders made “false and misleading statements” to customers while negotiating the sales of those bonds.
Source: https://www.housingwire.com/rss