Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

US fines Nomura unit $35 million over mortgage securities fraud

2023-08-23 00:45
A unit of Japan's Nomura Holdings agreed to pay a $35 million fine and enter a non-prosecution agreement
US fines Nomura unit $35 million over mortgage securities fraud

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 fraudulent trading of residential mortgage-backed securities, the U.S. Department of Justice said on Tuesday.

Nomura Securities International will also pay about $808,000 in restitution to victims. It previously paid about $20.1 million to victims under a related settlement with the U.S. Securities and Exchange Commission.

(Reporting by Jonathan Stempel in New York)