Nomura employees who lead insider trading information to leave

Dripping Tap

Nomura has said two employees who leaked client information used for insider trading three years ago will leave the firm.

Bloomberg reports that Nomura penalized the employees, who gave confidential data on public share offerings to three asset management firms in 2010, Kenji Yamashita, a company spokesman, said in a phone interview.

Japan’s securities watchdog last month recommended fining the funds, including a unit of Nippon Life Insurance, for trading on the tips. Nomura said on December 2nd it will take 'strict action' against the two workers.

To access the complete Bloomberg article hit the link below:

Nomura Employees Who Leaked Insider Information to Leave

N.Y. Probes Brokerages to Analysts After BlackRock Pact

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News