{"id":6150,"date":"2017-05-18T17:08:22","date_gmt":"2017-05-18T22:08:22","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1575"},"modified":"2022-03-22T15:06:25","modified_gmt":"2022-03-22T20:06:25","slug":"ex-nomura-head-traders-charged-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-nomura-head-traders-charged-securities-fraud\/","title":{"rendered":"Ex-Nomura Head Traders Charged With Securities Fraud"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commission is charging two-ex Nomura (NMR) head traders with fraud.<\/a> Kee Chan and James Im ran Nomura Securities International Inc.\u2019s commercial mortgage-backed securities desk. The regulator claims that they purposely lied to customers to inflate profits for themselves and the firm. As a result, said the SEC, the two of them made an additional over $750K in trading profits for the desk. They received healthy bonuses as a result.<\/p>\n

Commercial Mortgage-Backed Securities<\/strong>
\nCMBSs are asset-backed securities that have commercial real estate loans as their underlying assets. These debt obligations are often called bonds. CMBSs are illiquid securities.<\/p>\n

According to the Commission, while serving as trade intermediaries with customers seeking to sell and buy CMBSs on the secondary market, Im and Chan made it seem as if they were working out bond purchases with a third-party seller at more than what Nomura paid to obtain the bonds. Im even allegedly told a customer that he had sought to deceive on purpose. Meantime, Chan is accused of modifying a customer email to protect his lie regarding a bond\u2019s bid price.<\/p>\n

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

The US Securities and Exchange Commission is charging two-ex Nomura (NMR) head traders with fraud. Kee Chan and James Im ran Nomura Securities International Inc.\u2019s commercial mortgage-backed securities desk. The regulator claims that they purposely lied to customers to inflate profits for themselves and the firm. As a result, said the SEC, the two of […]<\/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":[3757,3760,3761],"tags":[2802,2803,2557],"class_list":["post-6150","post","type-post","status-publish","format-standard","hentry","category-mortgagebacked-securities","category-sec-enforcement","category-securities-and-exchange-commis","tag-cmbs","tag-nomura","tag-rmbs"],"yoast_head":"\nEx-Nomura Head Traders Charged With Securities Fraud — Investor Lawyers Blog — May 18, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission is charging two-ex Nomura (NMR) head traders with fraud. Kee Chan and James Im ran Nomura Securities — May 18, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ex-nomura-head-traders-charged-securities-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Nomura Head Traders Charged With Securities Fraud — Investor Lawyers Blog — May 18, 2017\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission is charging two-ex Nomura (NMR) head traders with fraud. 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