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Tag Archives: nomura lawsuit

Nomura Settles RMBS Suit With DoJ

Nomura, the Tokyo-based bank, is the last in a string of financial institutions to settle with the Department of Justice for fraudulent activities involving selling mortgage-backed securities leading up to the Great Recession of 2008.

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Jury Convicts Nomura Trader on Conspiracy Charge

A Connecticut jury found a former Nomura executive guilty on one conspiracy charge on Thursday for allegedly tacking on secret commission fees to RMBS transactions he handled between 2009 and 2013. Two other Nomura employees were also named in the suit, which was filed by the state in September 2015. In addition to one conspiracy charge each, the trio was also charged with two counts of securities fraud and six counts of wire fraud a piece. The jury was hung on three counts, and the defendants were found not guilty on the additional charges.

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