Nomura Fined $2.5M For Insider Trading As Japan Cracks Down

Law360, New York (November 1, 2012, 3:09 PM EDT) -- The Tokyo Stock Exchange on Wednesday levied Japan's highest ever securities fine against Nomura Securities Co., slapping the company with a 200 million yen penalty ($2.5 million) for insider trading as Japan intensifies its crack downs against securities violators.

Wednesday’s fine comes after monthslong investigations by Japanese regulators, who recommended the nation’s largest investment firm be sanctioned for leaking inside information about upcoming public offerings to clients.

In addition to the fine, Nomura will have to submit a business improvement report to the Tokyo Stock Exchange...
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