• Kyodo News

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The Tokyo District Court on Thursday convicted a former employee of Nomura Securities Co. and a friend of his of insider stock trading and handed them suspended 2 1/2-year prison sentences.

Besides convicting the former employee of Japan’s top brokerage, Li Yu, 31, the court fined him ¥1 million. His codefendant, Su Chunguang, 38, received a 2 1/2-year prison sentence, was fined ¥3 million.

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