Leaked info: Nagai attends a news conference in Tokyo. He will forgo 30% of his salary for three months, Nomura says after finding that a researcher at an affiliate shared information on potential changes to the Tokyo Stock Exchange sections inappropriately. — Bloomberg
NOMURA Holdings Inc’s chief executive officer will take a pay cut to assume responsibility for improper handling of stock market information by employees, the latest setback for the struggling Japanese securities firm.
CEO Koji Nagai will forgo 30% of his salary for three months, the firm said after finding that a researcher at an affiliate shared information on potential changes to the Tokyo Stock Exchange sections inappropriately. Japan’s financial regulator plans to order the brokerage to improve internal controls, a person with knowledge of the matter said earlier, in what will be the first such action against Nomura since 2012.
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