· SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud Former Jefferies trader to face trial by jury SEC joins DOJ in giving up case against mortgage bond trader.
· Two former HBOS bankers and four business associates are facing jail after being convicted of fraudulent trading, corruption and money laundering after a scheme which forced HBOS.
SAC Capital Advisors LP fund manager Michael Steinberg was indicted by a federal grand jury on five counts of conspiracy and securities fraud as the U.S. government’s wide-ranging probe of insider.
· Not guilty! Southwark Crown Court acquits two former Barclays traders in Libor rigging trial. Following a retrial, Stylianos Contogoulas and Ryan Michael Reich were acquitted of conspiracy to defraud.. The UK Serious Fraud Office (SFO). Mr Hayes’ trial at Southwark Crown Court started in May 2015. He was convicted by a jury in August.
Former Nomura RMBS trader found guilty of securities, wire fraud conspiracy. Former Cantor Fitzgerald mortgage bond trader found not guilty of securities fraud.
The government’s sweeping investigation began in 2012 amid suspicions that former jefferies trader jesse litvak had overstated mortgage-bond prices to clients. Following two trials that eventually brought a conviction on one count of securities fraud, he began serving a two-year prison sentence in.
The “agent” argument was just one of the grounds on which Litvak appealed his January 2017 conviction on a single charge of securities fraud over what the jury believed to be a fraudulent bond..
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.
Mortgage rates inch up after five-week decline The statistic suggests the state will again end up with an annual decline in sale prices. say buyers are benefiting from the affordable asking prices as well as mortgage rates that have yet to rise.Mortgage growth in Canada hasn’t been this weak since 2001 FHFA promotes Galeano to oversee the federal home loan banks According to the Bank of Canada, residential mortgages were up just 3.1% in December from 2017’s numbers; the growth rate hasn’t been that low since mid-2001.
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.
One Nomura trader convicted, one cleared at bond fraud trial A former Nomura Holdings 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.
New York rejected Fidelity deal over market share concerns New York City Mayor Bill de Blasio’s call to rein in beef consumption in our nation’s biggest city has triggered complaints from the U.S. beef sector and nebraska gov. pete ricketts. De Blasio’s Green.