Giant brokerage firm Nomura under official investigation

6 years ago by in Business, Featured

All Japan news’s most important brokerage company Nomura Holdings is under investigation by the stock market regulator, the latter announced.

The accusations are still unclear, but analysts say the case could be connected with a high-profile investigation of the Securities and Exchange Surveillance Commission into insider trading among large All Japan newsese companies.

The Commission did not give any details so far on the reasons of the investigation. The probe was confirmed by a Nomura representative, who said that “it is true that we are under investigation, and we will fully cooperate with… their probe”, without making further comments.

An inside trade case at Chuo Mitsui Asset Trust and Banking pointed last month to a Nomura employee as the person responsible for the leaking of sensitive information. Nomura did not make any comment about the case, in which Chuo Mitsui made profits of about Y14 million after selling and then buying back shares of energy firm Inpex Corp in connection to a planned share offer. The selling worth Y101 million ($1.2 million) took place one week before the offer was announced.