TSE disposes of 10 million yen negligence in Nomura Securities August 28, 20:36

Regarding the issue of Nomura Securities, the largest securities company, inadvertently providing information such as new listing standards to many domestic and overseas investors over the review of the market category that was discussed on the Tokyo Stock Exchange. The Tokyo Stock Exchange ordered Nomura Securities to pay a 10 million yen negligence as an act that harms the fairness of the transaction.

Nomura Securities has inappropriately provided information on new listing standards, etc. to more than 30 institutional investors in Japan and overseas over the review of the market divisions discussed at the Tokyo Stock Exchange round-table conference. In May, the Financial Services Agency issued a business improvement order.

In this regard, TSE pays a 10 million yen negligence to Nomura Securities for losing TSE's credibility and violating the belief in trading participants in an act that undermines the fairness of trading by protecting investors. I was asked to do so.

TSE has requested Nomura Securities to submit a business improvement report that includes measures to prevent recurrence by the end of next month.

Regarding this disposal, Nomura Securities commented, “We will treat the disposal with utmost importance and strengthen and enhance the internal control system to prevent recurrence and restore trust.”

For Nomura Securities, the Japan Securities Dealers Association, an industry group, also made a recommendation last month to ensure thorough recurrence prevention.