November 7, 2019/US SEC
On November 6, 2019, the U.S. District Court for the Southern District of New York entered an order dismissing with prejudice the U.S. Securities and Exchange Commission’s complaint against Tyler Peters. The court’s order was based on the SEC’s motion to dismiss its claims against Peters. This matter related to Peters’ role in buying and selling residential mortgage-backed securities at Nomura Securities International.
Peters, along with the two other defendants in the SEC’s civil lawsuit, was also criminally charged by the U.S. Attorney for the District of Connecticut based on some of the same facts underlying the SEC’s action. Peters was acquitted in the criminal case after a jury trial.
The SEC’s case against Peters’ co-defendant Michael Gramins is currently stayed during the pendency of criminal proceedings against Gramins. Co-defendant Ross Shapiro settled with the SEC in October 2018.