Two Nomura traders leave amid mortgage bond probes

Nomura has terminated two New York-based mortgage-bond traders for cause in connection with investigations of the market, according to regulatory records.

Bloomberg News reports that the employees were dismissed by the bank effective May 1 amid probes being conducted by the Securities and Exchange Commission, the special inspector general for the federal Troubled Asset Relief Program and the U.S. Attorney’s office for the District of Connecticut, according to Financial Industry Regulatory Authority records.

'These inquiries continue to be ongoing and are examining trading in mortgage-backed securities and related communications with counterparties', the disclosures state. The notice dates listed for the investigations are in 2013.

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

Nomura Terminates Mortgage-Bond Traders Amid Market Probes

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