Japan’s Ministry of Finance today announced the suspension of Nomura Securities’ Special Entitlements of JGB Market Special Participants.
The suspension will run from October 15, 2024 to November 14, 2024.
The move follows a recommendation issued on September 25, 2024, by Japan’s Securities and Exchange Surveillance Commission to impose an administrative monetary penalty against Nomura Securities Co., Ltd. for Japanese government bond futures transactions conducted in March 2021.
Nomura commented:
“We take this matter very seriously and apologize to our clients and all other concerned parties for the trouble this has caused.
Nomura will immediately issue an announcement if the possibility of a material impact on its consolidated financial results arises”.
