World News: 02:44 GMT Friday 24th May 2019. [Yahoo Business News Feed via SPi World News]
The Financial Services Agency plans to issue a business improvement order against Nomura Securities Co. as soon as this month after the leak of information on changes to the composition of the Tokyo Stock Exchange market segments, a person with knowledge of the matter said. Information “was handled improperly from the viewpoint of ensuring fair and sound markets in the course of communicating information at Nomura Securities,” the Tokyo-based firm said in a statement late Thursday. Nomura Research Institute’s Sadakazu Osaki, who was on a Tokyo Stock Exchange panel considering changes to the market segments, leaked information within the securities firm that was later shared with investors, according to the Nikkei newspaper, which reported earlier on the agency’s planned action.
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