One Nomura trader convicted, one cleared at bond fraud trial

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Nomura bond trader fraud trial ends in split U.S. jury verdict. jonathan stempel.. 33, of New York, guilty on one count of conspiring to commit securities fraud and wire fraud. It found him not.

Ex-Cantor Fitzgerald Trader Not Guilty in Bond Fraud Case. By Chris Dolmetsch May 3, 2018, 7:51 AM PDT Updated on May 3, 2018, 9:57 AM PDT. A former Cantor Fitzgerald LP managing director was cleared of charges that he defrauded customers by lying about prices of mortgage-backed securities, dealing federal prosecutors another blow in their efforts to tame questionable practices used by bond.

A former Nomura Holdings Inc. trader was found guilty of conspiring to lie to clients about mortgage-bond prices, while another was cleared of all charges in a verdict that highlights the challenge of policing fraud in the market.

A former Nomura Securities (Nomura) trader has been granted a retrial after being convicted of conspiracy a year ago. Michael Gramins, who used to supervise Nomura’s residential backed mortgage securities (RMBS) desk, is supposed to have lied to a counterparty about the pricing of RMBS trades. The.

Former Nomura RMBS Trader Convicted of fraud conspiracy.. 2017, GRAMINS and two other former New York-based bond traders for Nomura, Ross Shapiro and Tyler Peters, were each charged in a third superseding indictment with one count of conspiracy, two counts of securities fraud and six counts.

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Alston & Bird client Tyler Peters, a former bond trader at Nomura Securities International, Inc., was acquitted on all charges following a six-week jury trial in U.S. District Court in Hartford, CT. Peters was indicted in September 2015, along with two other Nomura bond traders, on nine counts of conspiracy, securities fraud, and wire fraud.