Nomura Fined $35 Million Over Mortgage-Backed Securities (1)

Nomura Securities International agreed to pay $35 million as part of a non-prosecution agreement with the federal government over residential mortgage backed securities trading fraud dating back more than a decade.

Nomura, a US-based broker-dealer subsidiary of Japanese financial services firm Nomura Holdings, will also pay almost $808,000 in restitution to victims of the scheme, the Connecticut District of the US Attorney’s Office said in a statement Tuesday. The firm previously paid more than $20 million to victims as part of a settlement with the Securities and Exchange Commission.

“Nomura is pleased to have resolved the matter and grateful that ...