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Investors stand in front of a screen displaying the Nomura Holdings logo in Tokyo, Japan, on this archive photo from December 1, 2015. REUTERS / Toru Hanai / Files
TOKYO (Reuters) – Japanese financial policeman Tuesday ordered Nomura Holdings to improve its business practices after the brokerage admitted that an employee had leaked market information.
The Financial Services Agency has announced that it has issued one of its "business improvement orders" against Nomura. The main Japanese broker confirmed Friday that the information on the listing and delisting criteria included in the study by the TokyoStock Exchange had been handled inappropriately. He said his manager would have a 30% pay cut for three months.
Report by Takahiko Wada; Written by Junko Fujita; Edited by David Dolan
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