Japan brokerages' Chinese Wall faces scrutiny
Industry group pledges audit after report that a former Nomura employee mishandled information about a stock split by a firm that Nomura took public
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Tokyo
JAPANESE securities firms face an inspection by the industry association into how they comply with insider rules after Nomura Holdings Inc found it breached laws governing the handling of non-public information.
The Japan Securities Dealers Association's (JSDA) new chief pledged to examine how the firms train and educate branch managers - who have dual roles as investment bankers and retail brokerage chiefs - to ensure they don't share confidential corporate information with sales staff.
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