Japan’s financial watchdog said Thursday it has ordered a unit of Nomura Securities Co., the country’s largest brokerage, to suspend part of its operations for two months from Jan. 9 as punishment for trading securities on behalf of foreign clients without contracts.

Operations subject to the two-month suspension at Nomura Asset Management Co. include deals with foreign clients, but the company will still be allowed to do business with domestic clients, the Financial Services Agency said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.