Jury Mulls If Ex-Nomura Trader's Fibs Amounted To Fraud

By Pete Brush (May 5, 2022, 6:09 PM EDT) -- A Manhattan federal jury on Thursday weighed the U.S. Securities and Exchange Commission's fraud case targeting former Nomura bond trader James Im, wrestling with whether his admitted lies were willful lawbreaking or merely less-than-honest but routine market conduct.

Jurors deliberated for less than two hours in the afternoon without a verdict in a civil trial before U.S. District Judge J. Paul Oetken that opened on April 27. They are set to resume deliberations Friday morning.

Im, who was sued by the SEC in 2017, earned $3.8 million of bonuses from 2010 through 2014 as he dissembled from time to time in...

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