The Securities and Exchange Commission ( SEC ) and the US Attorney 's Office for the protection of Connecticut have charged three former residential mortgage - backed securities traders at Nomura Securities , who allegedly consistently lied to customers about the pricing information of mortgage bonds and defrauded customers of millions of dollars . Ross Shapiro , Michael Gramins and hedge Peters are accused of misrepresenting the securities and securities being offered by Nomura for RMBSs , and even traded , coached and directed junior traders to do the same .
The Securities and Exchange Commission (SEC) and the US Attorney's Office for the District of Connecticut have charged three former residential mortgage-backed securities traders at Nomura Securities, who allegedly consistently lied to customers about the pricing information of mortgage bonds and defrauded customers of millions of dollars. Ross Shapiro, Michael Gramins and Tyler Peters are accused of misrepresenting the bids and offers being provided by Nomura for RMBSs, and even traded, coached and directed junior traders to do the same.