Friday, June 8, 2012

Reuters: Regulatory News: Nomura acknowledges employees leaked inside info

Reuters: Regulatory News
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Nomura acknowledges employees leaked inside info
Jun 8th 2012, 09:33

TOKYO, June 8 | Fri Jun 8, 2012 5:33am EDT

TOKYO, June 8 (Reuters) - Nomura Holdings said on Friday it regrets that its employees were found to have leaked inside information, marking the first time it has publicly acknowledged its role in a series of insider trading cases announced by Japan's securities regulator.

"Nomura expresses its regret concerning the findings that non-public information was received from Nomura employees in such cases and we sincerely apologise for the trouble this has caused," Japan's top broker said in a statement.

The statement came after the securities regulator recommended a fine against a U.S.-based firm for trading on inside information provided by the underwriter on a share offering by Tokyo Electric Power Co in 2010. Nomura was the sole underwriter on that offering.

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