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Ross Shapiro, 41, New York, New York; Michael Gramins, 33, New York, New York; and Tyler Peters, 32, New York, New York; were indicted by a federal grand jury in New Haven, Connecticut in a 10-count indictment charging the three former New York-based bond traders for Nomura Securities International, with conspiracy and fraud offenses.

Shapiro, Gramins and Peters are scheduled to be arraigned on September 10 at 10 a.m. before U.S. Magistrate Judge Donna F. Martinez in Hartford, Connecticut.

As alleged in the indictment, Shapiro, Gramins, and Peters supervised the Residential Mortgage Backed Securities (“RMBS”) Desk at Nomura Securities International (“Nomura”) in New York. Shapiro was the Managing Director who oversaw all of Nomura’s trading in RMBS, Gramins was the Executive Director of the RMBS Desk and principally oversaw Nomura’s trading of bonds composed of sub-prime and option ARM loans, and Peters was the senior-most Vice President of the RMBS Desk and focused primarily on Nomura’s trading of bonds composed of prime and alt-A loans. Continue Reading…