Securities and Exchange Commission v. Shapiro

  1. May 25, 2021

    SEC Eyes Feds' Bid To Force Ex-Nomura Trader To Pay $1.2M

    The outcome of prosecutors' effort to force ex-Nomura trader Michael Gramins to pay $1.2 million for allegedly scheming to trick real estate bond buyers will impact how securities regulators seek to resolve their companion case, a Manhattan federal judge was told Tuesday.

  2. November 05, 2019

    SEC Drops 4-Year-Old Claims Against Ex-Nomura Trader

    The U.S. Securities and Exchange Commission agreed to drop securities fraud claims Tuesday against a former Nomura trader accused of lying to investors about the pricing of residential mortgage-backed securities, according to a brief motion filed in New York federal court.

  3. September 10, 2018

    SEC Settles With Ex-Nomura RMBS Trading Head

    The U.S. Securities and Exchange Commission on Friday told a New York federal judge it had reached a settlement with a former managing director of Nomura Securities International Inc., resolving allegations that he had participated in a $7 million residential mortgage-backed securities fraud.

  4. June 04, 2018

    Nomura RMBS Trader Can't Shake SEC Suit Over Alleged Fibs

    A Manhattan federal judge on Monday declined to dismiss the U.S. Securities and Exchange Commission's fraud suit targeting a former Nomura Securities International trader, holding that the agency had adequately alleged that the trader told two fibs as he sold multimillion-dollar mortgage bundles to debt investors.

  5. May 30, 2018

    Nomura RMBS Trader Disputes Materiality Of SEC Fraud Suit

    A former Nomura Securities International trader told a Manhattan federal judge Wednesday that the U.S. Securities and Exchange Commission's fraud case against him boils down to two alleged fibs representing a minuscule amount of money that is not material compared to the value of the multimillion-dollar mortgage bundles he sold.

  6. November 29, 2017

    SEC Defends Fraud Claims Against Ex-Nomura Trader​

    The nation's securities watchdog asked a New York federal judge on Tuesday not to dismiss its civil fraud claims against a former Nomura trader acquitted earlier this year on related criminal charges of exploiting counterparty opacity to inflate Nomura's take.

  7. October 31, 2017

    Acquitted Nomura Trader Wants SEC Case Nixed Now

    A trader at Nomura Securities International Inc. who was acquitted earlier this year of defrauding bond buyers has asked a judge to dismiss the U.S. Securities and Exchange Commission's parallel suit against him, saying the regulator's allegations are too vague to move forward.

  8. February 16, 2016

    SEC Agrees To Stay Ex-Nomura Workers' Civil Suit

    A New York federal court should stay the civil proceedings against three former top Nomura Securities International Inc. employees accused of lying to investors about the pricing of residential mortgage-backed securities trades until the related criminal case concludes, the Securities and Exchange Commission said Friday.

  9. September 08, 2015

    Ex-Nomura Traders Face Criminal Charges Over RMBS Deals

    Federal authorities on Monday announced criminal and civil charges against three former top Nomura Securities International Inc. traders, accusing them of lying to investors about the pricing of residential mortgage-backed securities trades in a bid to pump up the firm's profits by millions of dollars.