Securities and Exchange Commission v. Im
Case Number:
1:17-cv-03613
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
-
May 06, 2022
Jury Clears Ex-Nomura Trader, Rejects SEC No-Lying Theory
A Manhattan federal jury on Friday cleared a former Nomura trader of fraud over lies he told to counterparties in the commercial bond market, rejecting the U.S. Securities and Exchange Commission's theory that traders must adhere strictly to factual statements.
-
May 05, 2022
Jury Mulls If Ex-Nomura Trader's Fibs Amounted To Fraud
A Manhattan federal jury on Thursday weighed the U.S. Securities and Exchange Commission's fraud case targeting former Nomura bond trader James Im, wrestling with whether his admitted lies were willful lawbreaking or merely less-than-honest but routine market conduct.
-
May 02, 2022
Bond Market Lies Were Common, Ex-Nomura Trader Tells Jury
A former Nomura bond trader told a Manhattan federal jury Monday that falsehoods had been commonplace in the market for commercial debt securities, but he conceded that he lied as late as 2014 even after the bank warned him not to.
-
April 27, 2022
Lying Strategy Not Unlawful, Ex-Nomura Trader Tells Jury
A former Nomura trader told a Manhattan jury Wednesday that his pricing fibs to bond market clients were an acceptable business strategy, pushing back against the U.S. Securities and Exchange Commission's case charging him with defrauding commercial debt investors.
-
August 24, 2020
NY Judge Clears Way For Trial In Ex-Nomura Trader's SEC Suit
A Manhattan federal judge on Monday rejected a former Nomura top commercial mortgage-backed securities trader's effort to avoid trial in a U.S. Securities and Exchange Commission suit alleging he lied to customers while acting as a middleman for mortgage bonds.
-
December 19, 2019
Ex-Nomura Trader 'Admitted He Lied,' SEC Says
A former Nomura trader who claimed lying is normal in his line of work should have to face a jury, the U.S. Securities and Exchange Commission has argued in New York federal court, citing recent Second Circuit precedent in a similar case to shore up its argument.
-
October 21, 2019
Ex-Nomura Trader Says Misstating Sales 'Common' In Industry
A trader who for years headed Nomura's commercial mortgage-backed securities desk told a New York federal judge Sunday he should not have to face a jury trial over allegations he lied to trading partners, saying misstatements he made during trading negotiations are "common in the industry."
-
February 12, 2018
Ex-Nomura Trader Can't Ditch SEC Fraud Suit, Judge Rules
A former head trader at Nomura must face a U.S. Securities and Exchange Commission suit accusing him of lying to customers about the prices he'd paid for commercial mortgage-backed securities he was reselling, a New York federal judge ruled Monday.
-
August 10, 2017
Ex-Nomura Trader Says Hustling MBS Isn't Fraud
A Nomura trader who the U.S. Securities and Exchange Commission alleges fraudulently bought and sold commercial mortgage-backed securities has asked a New York federal judge to dismiss the case, comparing himself to a car salesman who used small lies as a negotiating tactic.
-
May 16, 2017
SEC Pursuing MBS Traders Despite Prosecutors' Early Flop
The U.S. Securities and Exchange Commission's civil case against two former traders alleging they lied to customers about prices for mortgage-backed securities is the second such case the agency has brought in two weeks, a sign it is forging ahead on bond cases while federal prosecutors hesitate in the wake of a significant criminal trial loss.