• Kyodo News


The Japan Securities Dealers Association said Tuesday it has imposed a penalty of ¥100 million on BNP Paribas Securities (Japan) Ltd. over its profit from a dubious transaction with now-defunct real estate developer Urban Corp.

The association said it also suspended the membership of the Japanese unit of France’s BNP Paribas for six months for causing a “serious loss of public trust in the securities industry.”

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