Nomura Faces Fine for Bond Market Manipulation, Yomiuri Reports

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Government Bond,Futures Market,Nomura Holdings Inc

(Bloomberg) -- Japan’s financial watchdog plans to recommend fining Nomura Holdings Inc. for allegedly manipulating the government bond futures market, the...

-- Japan’s financial watchdog plans to recommend fining Nomura Holdings Inc. for allegedly manipulating the government bond futures market, the Yomiuri newspaper reported.A manager in the Global Markets division is suspected of fraudulently moving prices in government bond futures around 2021, the newspaper reported, citing unidentified sources. The dealer allegedly made profits by placing large orders without intending to buy or sell, and then canceling them, according to the report.

The SESC declined to comment before a briefing scheduled for 4 p.m. in Tokyo. A Nomura spokeswoman wasn’t immediately available for comment.Securities firms have been fined for manipulation of the Japanese government bond futures market in the past. China on Wednesday publicly announced for the first time a successful launch of an intercontinental ballistic missile into the Pacific Ocean, in a move described by military analysts as a strategic show of power.Prince Harry is calling on tech companies to do more to protect youths from the harmful effects of social media, saying “the harmful effects of social media are made by design.

Oral arguments over a key piece of DNA evidence in a 2015 murder case will take place in the Arizona Supreme Court this week. Allison Feldman was found murdered in her Scottsdale home over nine years ago. Her case marked the first in Arizona where familial DNA was used to help track down a suspect. But all these years later, Ian Mitcham's trial is on hold as the battle over DNA evidence continues.

 

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