Japan watchdog recommends $150,000 fine on Nomura's brokerage unit

Investigation found a trader manipulated price of 10-year government bond future contracts

20240925 Nomura logo

A Nomura logo at its Manhattan office. © Reuters

TOKYO (Reuters) -- Japan's securities watchdog has recommended imposing a 21.8 million yen ($151,000) penalty on Nomura Holdings' brokerage unit for alleged manipulation in the government bond futures market, it said on Wednesday.

The Securities and Exchange Surveillance Commission (SESC) made the recommendation to the banking regulator, the Financial Services Agency (FSA), which hands out such punishments in Japan, the SESC said at a briefing.

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