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Tag Archives: Nomura

Jury Finds Nomura Trader Guilty of Conspiracy

A former executive at Nomura, a financial holding company based in Japan, was found guilty of conspiracy on Thursday by a Connecticut jury. The defendant, Michael Gramins, allegedly added secret commission fees onto mortgage-backed security transactions he handled between 2009 and 2013, according to the verdict. Gramins wasn’t the only party involved—though he was the single person charged. The state’s case also named Nomura’s Ross Shapiro and Tyler Peters in the suit, which alleges the three defendants illegally added to their profit margins when handling RMBS transactions for their employer.

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CoStar: SFR Markets are Shifting to the South and Midwest

CoStar, a research organization, reported that single family rental (SFR) property acquisition is geographically shifting as home prices stabilize and credit conditions ease. Investors have also become more selective in which properties to buy and are more focused on managing their properties, collecting rents, and improving operations.

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FHFA Seeks $1.1 Billion as Nomura,RBS Trial Begins

At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said misrepresentations by Nomura and Royal Bank of Scotland Group Plc, an underwriter, about loans underlying $2 billion (1.3 billion pounds) in securities exemplified broader misconduct by banks ahead of the crash.

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