Nomura said to put three traders on leave

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Nomura has put three of its mortgage-bond traders on leave, according to a person with knowledge of the decision.

Bloomberg News reports that the New York-based traders were told not to come in starting last week, said the person, who didn’t say why the action was taken and asked not to be named, citing a lack of authorization to discuss the matter publicly.

The industry came under the scrutiny of regulators after former Jefferies bond trader Jesse Litvak was accused of securities fraud for lying to clients about what he charged them to trade mortgage bonds. He was convicted in March. Traders at JPMorgan, Morgan Stanley and Royal Bank of Scotland were put on leave this year, people with knowledge of those moves said in April.

To access the complete Bloomberg News article hit the link below:

Nomura Said to Put Three Mortgage-Bond Traders on Leave

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