Japan watchdog to recommend penalties on Nomura's brokerage unit for alleged market manipulation, Yomiuri reports

Japan's securities watchdog is set to recommend penalties on Nomura Holding's brokerage unit for alleged manipulation in the government bond futures market. The Financial Services Agency will consider the recommendation. Nomura has stated it will take the allegations seriously and investigate the facts. The dealer involved was a manager in Nomura's global markets division.
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