Statement on Recommendation Issued by Japan's Securities and Exchange Surveillance Commission
Tokyo, May 29, 2012 – Japan's Securities and Exchange Surveillance Commission today issued a recommendation that the Prime Minister and the Commissioner of the Financial Services Agency impose an administrative monetary penalty against Chuo Mitsui Asset Trust and Banking Company, Limited on charges of insider trading committed prior to the public announcement of an equity offering in June 2010 by Mizuho Financial Group, Inc. in breach of Japan's Financial Instruments and Exchange Act.
Nomura expresses its regret that it has been determined that Chuo Mitsui Asset Trust and Banking Company, Limited obtained non-public information from an individual who is an employee of one of the underwriters of the transaction.
The Commission has been conducting an inspection of Nomura and we will continue to cooperate fully in the ongoing inspection.
In addition, a group of outside attorneys has been conducting a widespread internal investigation and will advise us on possible improvement measures and disciplinary action based on the findings of the investigation.
We will deal with this matter strictly based on the findings of the Commission's inspection and the recommendations of the group of outside attorneys.
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Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (fixed income, equities, and investment banking). For further information about Nomura, please visit www.nomura.com.
