Nomura Admits Leaking Info on TSE Listing Criteria Review

Economy

Tokyo, May 24 (Jiji Press)--Japanese brokerage giant Nomura Holdings Inc. <8604> on Friday admitted leaking information regarding the Tokyo Stock Exchange's review of its listing criteria.

Nomura announced the misconduct in a report detailing the results of an in-house investigation of the matter.

Koji Nagai, group chief executive officer of the holding company, will have his pay cut by 30 pct for three months to take responsibility for the incident. Pay will also be reduced, by 10 pct or 20 pct for two months or three months, for six other Nomura group officials, including executives of key subsidiary Nomura Securities Co.

A researcher of the Nomura Research Institute, who was involved in the case, also faced in-house punishment.

"I deeply apologize for causing trouble and concern to our customers and other people and parties concerned," Nagai told a press conference in Tokyo.

[Copyright The Jiji Press, Ltd.]

Jiji Press