Japan watchdog to recommend penalties on Nomura's brokerage unit for alleged market manipulation, Yomiuri reports

TOKYO - Japan's securities watchdog is expected to recommend imposing tens of millions of yen in penalties on Nomura Holding's brokerage unit for alleged manipulation in the government bond futures market, the Yomiuri reported.

The trade involves illegally placing a large number of orders without intending to trade and then cancelling them, the Yomiuri said.

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