Nomura Faces Penalties for Role in Insider Trading Scandal
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Nomura Holdings Inc.’s domestic securities unit should be penalized after employees leaked information about clients’ share sales, Japan’s financial watchdog said following a probe into insider trading.
The Securities and Exchange Surveillance Commission, which is the investigative arm of Japan’s Financial Services Agency, recommended that the regulator take unspecified disciplinary action against the country’s biggest brokerage, the SESC said in a statement in Tokyo today.