Nomura Tightens Controls After FSA Penalties
TOKYO -- Nomura Securities, Japan's largest broker, is tightening its internal controls and strengthening legal compliance following penalties imposed in late December by the Financial Services Agency (FSA), Japan's financial watchdog.
Nomura Asset Management, one of Japan's largest fund managers, was banned from overseas investment advisory business for two months after the parent company provided privileged information to affiliated companies. Nomura Asset Management has over $177 billion under
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