Japanese Regulator Wants Nomura Sanctioned Over Info Leaks

Law360, New York (July 31, 2012, 1:56 PM EDT) -- Japan's securities watchdog on Tuesday concluded its three-month long investigation into allegations that brokers at Nomura Holdings Inc.'s securities unit leaked inside information, urging authorities to take administrative action against the company.

The Securities and Exchange Surveillance Commission's probe turned up further examples of possible leaks, but could not show that trades were made on the information. The watchdog encouraged the Prime Minister and the Commissioner of the Financial Services Agency to take unspecified disciplinary action against Nomura, Japan's largest investment firm.

The SESC was looking...
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