The US government announced Tuesday that it reached a $480 million agreement with financial services group Nomura Holdings to resolve federal civil claims that Nomura misled investors in connection with the marketing, sale and issuance of residential mortgage-backed securities from 2006 to 2007 that contributed to the 2008 financial crisis.

“This settlement holds Nomura accountable for its fraudulent conduct in connection with its Residential Mortgage-Backed Securities offerings,” stated US Attorney Richard Donoghue. “The Department of Justice, this Office and our partners will continue to aggressively pursue wrongdoing in our financial markets, including, as appropriate, financial crisis-era misconduct.”

According to the Justice Department press release, the settlement stems from allegations that Nomura knowingly securitized defective mortgage loans and misled investors regarding the quality and characteristics of those loans, and was the result of a multi-year investigation by the Civil Division of the US Attorney’s Office for the Eastern District of New York, pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

Nomura said in a press release that they still dispute the allegations and do not admit any facts, liability or wrongdoing in connection with the settlement, but that this is the best course of action.