Osaka Exchange, Inc. (OSE) today issued a fine of 60 million yen against Nomura Securities Co., Ltd. for Japanese government bond futures transactions conducted in March 2021.
The OSE also announced the suspension of Nomura Securities’ proprietary trading of government bond futures and government bond futures options from December 25, 2024 to December 27, 2024.
In addition, Tokyo Stock Exchange, Inc. issued a reprimand against the Company today in relation to the transactions.
Japan’s Financial Services Agency had previously issued an administrative monetary penalty payment order against Nomura Securities on October 30, 2024.
Nomura commented:
“We take this matter very seriously. We apologize to our clients and all other concerned parties for the trouble this has caused.
By fully implementing the measures announced on October 31, 2024, we will further enhance our compliance framework and internal controls to prevent similar incidents occurring in the future and to regain trust”.
