投资者律师博客Three Ex-Nomura Traders Face RMBS Fraud Charges
美国康涅狄格州和证券交易委员会的美国检察官办公室正在向三名前Nomura Securities International（NMR）交bob200体育易员收取mortgage-backed securities fraud. The SEC contends that while at Nomura, Michael Gramins, Ross Shapiro, and Tyler Peters misrepresented the bonds and offers that the firm was provided for the residential mortgage-backed securities, along with the prices at which it bought and sold the securitizations and the spreads earned for intermediating the trades.
The three men are accused of not only lying to customers about the pricing data of the mortgage bonds but also of bilking of them of millions of dollars. The SEC claims that they coached, trained, and instructed junior Nomura traders to also commit this fraud. Their wrongdoing purportedly helped Nomura make millions of dollars in illicit revenue—$5 million from their alleged misconduct and $42 million from the omissions and lies made by those whom they trained.
Meantime, prosecutors have announced criminal charges against the three men. According to the indictment, they oversaw Nomura’s RMBS Desk in New York. Shapiro was a managing director, Gramins was the desk’s executive director, and Peters was a Senior VP whose role was concentrated on bond trading of alt-A loans and prime loans.
The men are accused of conspiracy to defraud Nomura customers by inflating the RMBS bond price that the firm had to pay in order to get customers to pay an even higher price. They also purportedly deflated the price that Nomura could sell an RMBS bond to get customers to sell at lower prices, as well as set up fake third third-party sellers and offers even when Nomura already owned the bonds, which they then pretended they were getting potential buyers.
The alleged scam allowed Peters, Gramins, and Shapiro to make their own illegal profits. The SEC said that during the years of the alleged misconduct, Nomura paid $13.3 million in compensation to Shapiro, $5.8 million to Gramins, and $2.9 million to Peters.
Alleged victims of theRMBS fraud scam包括退休计划提供者，来自世界各地的资金以及陷入困境的资产救济计划基金的经理。SEC表示，客户依赖三名男子提供的价格信息，因为涉及的RMB类型的市场是不透明的，这意味着很难获得有关定价的准确信息。
TheSSEK Partners Groupis aninstitutional investor fraud law firm.
SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud, Housing Wire, September 8, 2015