A former Nomura Holdings Inc (NYSE: NMR) senior trader admitted lying to clients about bond prices but said it was a common practice and never impacted clients’ investment decisions.
James Im, who led Nomura’s commercial mortgage-backed securities trading desk from 2009 to 2014, took the stand in his defense against the Securities and Exchange Commission suit, accusing him of lying to boost the firm’s profits and bonus Bloomberg writes.
Under questioning by his lawyer, …
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