Ex-Nomura Trader Avoids Jail Time In RMBS Fraud Case

By Reenat Sinay ( December 17, 2020, 9:17 PM EST) -- Former Nomura Securities International Inc. bond trader Michael Gramins was sentenced Thursday to six months' home confinement with an electronic monitor, avoiding the prison term Connecticut federal prosecutors had requested for his fraud conspiracy conviction involving residential mortgage-backed securities....

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