Nomura Ordered To Ramp Up Internal Controls

Law360, New York (August 3, 2012, 9:10 PM EDT) -- Japan's financial regulator on Friday ordered Nomura Holdings Inc. to bolster internal controls and regularly report on prevention measures as part of sanctions against the company after brokers in its securities unit were found to have leaked confidential information on share offerings in 2010.

Japan’s Financial Services Agency issued a so-called business improvement order requiring Nomura, the country’s largest investment bank, to shore up its compliance and submit quarterly reports to the agency on systems and measures it’s undertaking to prevent future leaks of confidential information....
To view the full article, register now.