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Violation Tracker Individual Record

Company: Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc.
Current Parent Company: Nomura
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,000,000
Year: 2016
Date: November 2, 2016
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc. jointly agreed to pay more than $3 million to settle claims by the National Credit Union Administration alleging the sale of faulty residential mortgage-backed securities to two corporate credit unions.
Level of Government: federal
Action Type: agency action
Agency: National Credit Union Administration
Civil or Criminal Case: civil
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.