Nomura executives relinquish pay following ex-employee’s attempted murder charge
On December 4, 2024, Japan’s financial watchdog recommended a $150,000 fine on Nomura’s brokerage unit. This decision comes in the wake of insider trading allegations at the Tokyo Stock Exchange that have shaken investor trust in the industry.
Additionally, Mitsubishi UFJ Financial Group (MUFG) and other brokerages are facing potential penalties for sharing client information. The Securities and Exchange Surveillance Commission is closely monitoring the situation and is expected to take action soon.
In other news, Japan is looking to increase the return target of the Government Pension Investment Fund (GPIF) to 1.9%. This move aims to enhance the fund’s performance and ensure sustainable growth for pensioners in the future.
On a global scale, SBI is set to launch Saudi Arabia’s first Japanese equity fund, expanding investment opportunities in the region. Meanwhile, U.S. firm Neuberger Berman will be offering a fund that includes unlisted Japanese shares, providing investors with a unique and diverse portfolio.
These developments in the finance and securities industry highlight the importance of transparency, compliance, and ethical practices to maintain trust and uphold the integrity of the market. Stay tuned for more updates on these evolving stories.
