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January, 20, 2017

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Japan's Nomura fined US$2.5 mil. following insider trading: report

TOKYO -- Tokyo's bourse has imposed a record fine of about US$2.5 million on Nomura Holdings in the wake of an insider trading scandal at Japan's biggest brokerage, a report said Wednesday.

The Tokyo Stock Exchange, which declined to comment, decided Nomura had dented confidence in Japan's capital markets after employees leaked confidential information about future stock offerings, the leading Nikkei business daily said in its evening edition.

Small regional exchanges in Osaka and Nagoya were also planning to fine Nomura, the Nikkei said.

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