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The Finance Ministry on Thursday ordered Nikko Securities Co. and Daiwa Securities Co. to partially suspend operations for compensating losses incurred by a “sokaiya” corporate racketeer.

Nikko was given a 2 1/2-month suspension while Daiwa was told to halt trading for four months. The punishments were milder than those slapped on industry leader Nomura Securities and Dai-ichi Kangyo Bank earlier this year. In July, Nomura was ordered to halt operations for five months, while a portion of DKB’s operations were put on hold for a year. The measures took effect Aug. 6.

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