Nomura Consents To NYSE Fine Over Reverse Repo Trades

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Trading innovative emerging market products can be an expensive business, as Nomura Securities International has recently discovered to its cost. The New York-based securities house - a subsidiary of Japanese financial giant Nomura Securities Company - has agreed to pay a $1 million fine and submit to other disciplinary action after a dispute with the New York Stock Exchange (NYSE) over Mexican government bond reverse repo trades. Nomura hasn't admitted or denied guilt over the NYSE allegatio