Month: June 2017

A jury in Connecticut largely acquitted three former Nomura Securities RMBS trades charged with conspiracy, securities and wire fraud tied to allegations that the securities were mismarked. This is the second criminal case where jurors rejected such claims. The SEC …

This Week In Securities Litigation (Week ending June 16, 2017) Read More »

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Mismarking or misquoting securities can defraud market participants and harm the markets. It seems to be a recurring theme in recent weeks. See, e.g., SEC v. Im, Civil Action No. 1:17-cv-03603 (S.D.N.Y. Filed May 15, 2017)(action against Nomura traders for …

Portfolio Manager Sentenced to Prison In Mismarking Scheme Read More »