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FINRA member Nomura fined for books and records failings

Photo: Getty Images

Martina Lindberg

2 min read
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The investment banking and brokerage services firm overstated its daily net capital by misclassifying 5,657 reverse repos.

Nomura Securities International, Inc. (Nomura) has once again failed to keep its records of capital calculations accurate, and been handed a fine by FINRA.

Beginning in June 2019, the firm started engaging in reverse repurchase agreements (reverse repos) with its corporate affiliate Nomura Securities Corporation (NSC) as allowable assets.

Nomura inaccurately

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