Photographer: Kiyoshi Ota/Bloomberg

Nomura Warned Against Lying After Jefferies Trader Charged

  • Charges against ex-Jefferies trader spurred training session
  • At least one allegedly fraudulent trade done after session

Nomura Holdings Inc. held a training session after a former Jefferies & Co. managing director was indicted for fraud and encouraged its traders not to lie -- but that didn’t stop the fibbing to customers about bond prices, according to U.S. prosecutors.

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