Case Summary

NOMURA SECURITIES INTERNATIONAL INC CBOT 11-8060-BC NFA ID: 0089946

 Respondent/Effective Date Summary 
 NFA IDRespondentEffective Date
 0089946NOMURA SECURITIES INTERNATIONAL INC05/02/2014
 Rule Summary 
 NFA IDRespondentRule Type
 0089946NOMURA SECURITIES INTERNATIONAL INC• CBOT536.A - BRACKETS
  • CBOT526.F - BLOCK TRADES
 Committee Summary 
 NFA IDRespondentCommittee
 0089946NOMURA SECURITIES INTERNATIONAL INC• BUSINESS CONDUCT COMMITTEE
 Action Summary 
 NFA IDRespondentAction Types
 0089946NOMURA SECURITIES INTERNATIONAL INC• TRADE PRACTICE
 Penalty/Event Summary 
 NFA IDRespondentPenalty/EventEvent Date
 0089946NOMURA SECURITIES INTERNATIONAL INC• FINE PAID $3000005/08/2014
  • FINE $3000004/30/2014
 Narrative Summary 
Narrative for 0089946 - NOMURA SECURITIES INTERNATIONAL INC
FINDINGS: Pursuant to an offer of settlement in which Nomura Securities International, Inc. (“Nomura”) neither admitted nor denied the rule violations upon which the penalty is based, on April 30, 2014, a panel of the Chicago Board of Trade (“CBOT”) Business Conduct Committee found that it has jurisdiction over Nomura because it is a CBOT member and on two separate occasions in 2010 and a third occasion in 2011, Nomura employees executed block trades in the U.S. Treasury Note Futures contracts, and did not report the trades to the Exchange within five minutes of the time of execution. During the same time frame, Nomura, through its employees, reported to the Exchange inaccurate execution times of the block trades. The Panel also found that Nomura failed to maintain accurate records with respect to block trade executions. The Panel concluded that Nomura thereby violated CBOT (Legacy) Rule 526.F. and Rule 536.A.

PENALTY: In accordance with the settlement offer the Panel fined Nomura Securities Inc., $30,000.

EFFECTIVE DATE: May 2, 2014