Japan watchdog investigates brokerage Nomura

Apr 26, 2012 |

TOKYO

Tags:

Nomura Holdings

Japan's stock market regulator on Thursday said it was probing the country's top brokerage Nomura Holdings but declined to give further details.

In a brief statement on its website, the Securities and Exchange Surveillance Commission revealed it had started investigating Nomura, but a spokesman declined to say more when contacted by AFP.

While the watchdog refused to say what the probe was about it comes as it carries out a high-profile investigation into insider trading among top Japanese firms.

A Nomura spokesman, who also declined to comment directly on details of the case, said "it is true that we are under investigation, and we will fully cooperate with... their probe."

The news pushed Nomura shares down 3.48 per cent to 332 yen in Tokyo trade.

Last month, Chuo Mitsui Asset Trust and Banking admitted that its staff had engaged in insider trading, with several reports fingering a Nomura employee as the one who leaked price-sensitive information.

Nomura has declined to comment on those allegations. The case was tied to a planned share offer two years ago by energy firm Inpex Corp.

Chuo Mitsui sold Inpex shares worth 101 million yen ($1.2 million) about a week before the sale was announced, the regulator has said.

The firm later bought back the shares, reaping profits of about 14 million yen.

Regulators and Tokyo's bourse started a probe several years ago over widespread allegations of insider trading in the shares of Japanese firms.

Post new comment

<form action="/comment/reply/146326" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-f0b6b90caa46d279ac1873dfa5116b9e" value="form-f0b6b90caa46d279ac1873dfa5116b9e" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="87492057" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>