Nomura Fined $35 Million Over Mortgage-Backed Securities Scheme

📆 8/22/2023 8:48 PM
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Nomura Securities International agreed to pay $35 million as part of a non-prosecution agreement with the federal government over residential mortgage backed securities trading fraud dating back more than a decade.

Nomura, a US-based broker-dealer subsidiary of Japanese financial services firm Nomura Holdings, will also pay almost $808,000 in restitution to victims of the scheme, the Connecticut District of the US Attorney’s Office said in a statement Tuesday. The firm previously paid more than $20 million to victims as part of a settlement with the Securities and Exchange Commission.

Nomura employees were active participants in the scheme, which took place from 2009 to 2013 and primarily from the company’s trading floor in New York City, according to the statement.

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US fines Nomura unit $35 million over mortgage securities fraud(Reuters) - A unit of Japan's Nomura Holdings agreed to pay a $35 million fine and enter a non-prosecution agreement to settle charges it conducted ...
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