Nomura Holdings Inc. plans to bolster internal controls after finding that it breached securities laws in its handling of nonpublic information about a company it took public last year, people with knowledge of the matter said.
The nation's biggest brokerage submitted a report to the Financial Services Agency this month acknowledging that it violated local laws and detailing steps to improve how it handles corporate information, the people said, asking not to be identified because the matter is private.
Following an internal investigation, Nomura found a former branch manager in Kyushu mishandled private information that Wash House Co. was considering a stock split, Bloomberg reported earlier this month. Nomura arranged the coin-laundry operator's initial public offering in November, a deal in which the former branch chief was involved.