Dealer Seeks Summary Judgment On Claims He Lied During CMBS Negotiations

Mealey's (October 23, 2019, 11:49 AM EDT) -- NEW YORK — A dealer of commercial mortgage-backed securities (CMBS) for Nomura Securities International Inc. is entitled to summary judgment on claims that he issued a series of false statements to investors during purchase and sale negotiations regarding the pricing of the CMBS because his statements were not fraudulent under federal securities laws, the dealer argues in an Oct. 20 summary judgment motion filed in New York federal court (Securities and Exchange Commission v. James H. Im, No. 17-3613, S.D. N.Y.)....