by The Compliance Exchange on August 2, 2012
Nomura Holdings will be ordered to bolster internal controls by Japan’s financial regulator on Friday, four people with knowledge of the matter said, the lightest possible sanction for its role in three insider trading cases.
The Financial Services Agency (FSA) will announce a so-called business improvement order on Friday, the sources said. Such an order requires Nomura to take various measures to bolster compliance, but does not directly impact its business.
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