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Nomura Holdings has determined that it breached securities laws in its handling of nonpublic information about a company the firm took public last year and plans to report the issue to regulators, people with knowledge of the matter said.

An internal investigation found that a former branch manager in Kyushu mishandled private information that Wash House was considering a stock split, the people said. While Nomura hasn’t uncovered evidence that employees broke insider trading rules, the firm concluded it violated a law governing the treatment of corporate information, they said.

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