{"id":5769,"date":"2015-03-11T00:00:00","date_gmt":"2015-03-11T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/03\/exnomura_rbs_trader_enters_gui"},"modified":"2022-05-06T12:31:37","modified_gmt":"2022-05-06T17:31:37","slug":"exnomura-rbs-trader-enters-gui","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exnomura-rbs-trader-enters-gui\/","title":{"rendered":"Ex-Nomura, RBS Trader Enters Guilty Plea to Bond Fraud"},"content":{"rendered":"

Matthew Katke, formerly of Royal Bank of Scotland Group Plc (RBS) and Nomura Holdings (NMR) has pleaded guilty to conspiracy to commit securities fraud for his involvement in a multi-million dollar bond scam to bilk customers. As part of his deal he will cooperate with prosecutors into its investigation of mortgage-linked bonds and collateralized debt obligations.<\/p>\n

Katke traded securities that were backed collateralized loan obligations, which are high-yield corporate debt. The charge is related to activities he engaged in while at RBS. Prosecutors say that Katke and co-conspirators made misrepresentations to get customers to pay prices that were inflated and sellers to say yes to deflated bond prices. The scam took place from around 2008 to June 2014.<\/p>\n

Court documents say that Katke and co-conspirators sought to profits on bond trades through the false statements they gave customers. They misrepresented the prices that RBS had paid to get a bond or what it was asking to sell it. They also misled clients about whether a bond was from RBS\u2019s inventory or a third party. RBS is cooperating with the probe.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Matthew Katke, formerly of Royal Bank of Scotland Group Plc (RBS) and Nomura Holdings (NMR) has pleaded guilty to conspiracy to commit securities fraud for his involvement in a multi-million dollar bond scam to bilk customers. As part of his deal he will cooperate with prosecutors into its investigation of mortgage-linked bonds and collateralized debt […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3742,3741],"tags":[2826,2609,2803],"class_list":["post-5769","post","type-post","status-publish","format-standard","hentry","category-collateralized-debt-obligation","category-securities-fraud","tag-bond-fraud","tag-collateralized-loan-obligations","tag-nomura"],"yoast_head":"\nEx-Nomura, RBS Trader Enters Guilty Plea to Bond Fraud — Investor Lawyers Blog — March 11, 2015<\/title>\n<meta name=\"description\" content=\"Matthew Katke, formerly of Royal Bank of Scotland Group Plc (RBS) and Nomura Holdings (NMR) has pleaded guilty to conspiracy to commit securities fraud — March 11, 2015\" \/>\n<meta name=\"robots\" content=\"index, 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