Ex-Nomura Trader Avoids Prison for Lying About MBS Prices
Ex-Nomura Trader Avoids Prison for Lying About MBS Prices Bloomberg 12/18/2020 © Bloomberg Commuters As Japan’s Wages Fall Again, Adding to Concerns Over Tax Hike (Bloomberg) -- Former Nomura Securities International Inc. trader Michael Gramins avoided a prison term for lying to the firm’s clients about mortgage-backed bond prices, dealing the government another blow in a troubled crackdown on tactics used in the trading of complex securities. Popular Searches A former executive director on Nomura’s residential mortgage-backed securities desk, Gramins was sentenced Thursday by U.S....
Source: msn.com