Violation Tracker Individual Record

Company: 
Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc.
Current Parent Company: 
Nomura
Penalty: 
$3,000,000
Year: 
2016
Date: 
November 2, 2016
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc. jointly agreed to pay more than $3 million to settle claims by the National Credit Union Administration alleging the sale of faulty residential mortgage-backed securities to two corporate credit unions.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
National Credit Union Administration
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.