Nomura Tangled In Another Japanese Insider Trading Case

Law360, New York (November 2, 2012, 7:42 PM EDT) -- Nomura Holdings Inc. announced Friday that it had been tangled in another insider trading case, just days after receiving Japan’s largest-ever insider trading fine, after a Japanese regulator concluded that a hedge fund had traded on nonpublic information received from the financial services giant.

Japan’s Securities and Exchange Surveillance Commission had recommended to the country’s Financial Services Agency, its parent agency, that Japan Advisory Ltd. be fined after it traded on nonpublic information received from Nomura, the company said. Nomura had not deliberately released the information...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.