Nomura Mortgage-Bond Trader Eric Horowitz Said to Leave Bankby , , and
Eric Horowitz, a mortgage-backed securities trader at Nomura Holdings Inc., left the company this week, people briefed on his exit said.
Horowitz started at Nomura in 2010, and previously worked for JPMorgan Chase & Co., according Financial Industry Regulatory Authority records. Nomura spokeswoman Jennifer Will declined to comment, and Horowitz didn’t respond to messages seeking comment left at a phone number and e-mail in his name.
Nomura has lost other traders this year amid internal shakeups and industrywide regulatory probes into mortgage-bond trading. Three ex-Nomura traders -- Michael Gramins, Tyler Peters and Ross Shapiro-- pleaded not guilty this month to charges they defrauded investors by inflating the prices of mortgage-backed securities. Their trial is set to begin in November.
Authorities haven’t accused Horowitz of any wrongdoing, and his public employment records at Finra, the brokerage industry’s regulator, don’t indicate he’s the subject of any inquiries.
Traders of mortgage bonds and other forms of securitized debt have faced heightened scrutiny since Jefferies Group’s Jesse Litvak was sentenced to two years in prison for securities fraud and making false statements. Litvak has appealed.