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Violation Tracker Individual Record

Company: Nomura Securities International
Current Parent CompanyNomura
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $35,000,000
Year: 2023
Date: August 22, 2023
Offense Group: competition-related offenses
Primary Offense: fraud
Violation Description: Nomura Securities International, a U.S.-based broker-dealer subsidiary of Japanese financial services firm Nomura Holdings, and the U.S. Attorney's Office in Connecticutg entered into a non-prosecution agreement relating to NSI's fraudulent trading of Residential Mortgage Backed Securities.  As part of this agreement, NSI will pay a monetary penalty of $35 million and pay restitution to victim customers, which include firms affiliated with recipients of federal bailout funds through the Troubled Asset Relief Program and firms investing as fiduciaries on behalf of pension funds, charitable and educational endowments, insurance companies, and others.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Connecticut
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.