Ross Shapiro, Michael Gramins, and Tyler Peters—Defrauding Customers

ponzi scheme lawyersTraders Ross Shapiro, Michael Gramins, and Tyler Peters Allegedly Orchestrated a Financial Fraud Wherein They Lied to Customers Regarding Honest and Accurate Pricing Information Regarding Residential Mortgage-backed Securities (RMBS)

Ross Shapiro, Michael Gramins, and Tyler Peters allegedly orchestrated a financial fraud wherein they purportedly lied to customers who relied on the trio for honest and accurate pricing information regarding residential mortgage-backed securities (RMBS), according to SEC Documents presently under review by attorneys Alan Rosca and Joe Peiffer.

The SEC further alleges that Ross Shapiro, Michael Gramins, and Tyler Peters allegedly defrauded customers in order to illicitly produce millions of dollars in additional revenue for Nomura Securities International, a New York-based brokerage firm where the trio had worked.

The Peiffer Rosca Wolf securities rights lawyers are currently investigating Ross Shapiro, Michael Gramins, and Tyler Peters for allegedly orchestrating a financial fraud, and allegedly inventing phantom third-party sellers and fictional offers when Nomura already owned the bonds the traders were pretending to obtain for potential buyers, according to an SEC Complaint.

Traders Ross Shapiro, Michael Gramins, and Tyler Peters Allegedly Misrepresented Bids and Offers Provided to Nomura for RMBS

Ross Shapiro, Michael Gramins, and Tyler Peters allegedly misrepresented the bids and offers being provided to Nomura regarding RMBS, according to SEC Documents currently being examined by attorneys Alan Rosca and Joe Peiffer.

In addition, Ross Shapiro, Michael Gramins, and Tyler Peters also allegedly misrepresented the bids and offers and the prices at which Nomura bought and sold RMBS, and the spreads the firm earned intermediating RMBS trades, the SEC reports.

What is more, the aforementioned trio also allegedly trained, coached, and directed junior traders at the firm to engage in the same aforementioned misconduct, the SEC notes. An SEC Complaint filed in Manhattan alleges that the lies and omissions sent to customers from Shapiro, Gramins, and Peters generated at least $5 million in additional revenue for Nomura.

Securities Rights Lawyers Investigating

The Peiffer Rosca Wolf securities rights lawyers often represent investors who lose money as a result of alleged financial fraud schemes. They are currently investigating Ross Shapiro, Michael Gramins, and Tyler Peters for allegedly operating a financial fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ross Shapiro, Michael Gramins, and Tyler Peters for their alleged financial fraud scheme may contact the investment rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1160 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.