Defendant Name: Nomura Securities International, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2019-131_3-19249

Document Details

Legal Case Name In the Matter of Nomura Securities International, Inc.
Document Name Nomura to Pay Misled Bond Customers $25 Million to Settle SEC Charges
Document Date 15-Jul-2019
Document Format Administrative Proceeding
File Number 3-19249
Allegation Type Broker Dealer
Document Summary The Commission stated: "The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities."

Disgorgement & Penalty Information

Resolutions
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $500,000.00 Shared:    

"to reimburse customers the full amount of firm profits on any . . . CMBS trades in which a misrepresentation was identified"

Individual:     $4,200,000.00 Shared:    

Related Documents:

34-86373 15-Jul-2019 Administrative Proceeding
Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
The SEC stated: "These proceedings arise out of Nomura's failure reasonably to supervise two traders so as to prevent and detect their violations of antifraud provisions of the federal securities laws in connection with Nomura's secondary market purchases and sales of non-agency commercial mortgage backed securities ("CMBS") from approximately February 2010 through April 2014 ("relevant period")."

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