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2nd Circ. Reinstates Conviction Of Ex-Nomura Trader

By Stewart Bishop ( September 20, 2019, 11:06 AM EDT) -- The Second Circuit on Friday reinstated the conviction of a former Nomura Securities International Inc. bond trader's conviction for adding secret profit margins to residential mortgage-backed bond transactions, finding the lower court's interpretation of the appellate court's latest Litvak ruling was "overbroad."...

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