Nomura Clients Halt Trades With Firm Over Manipulation Case (1)

Some of Japan’s largest financial institutions have halted trading securities with Nomura Holdings Inc.as the fallout from its market manipulation scandal spreads, according to people familiar with the matter.

At least 10 firms, which include major life insurers, trust banks and asset management firms, have temporarily suspended some business activities with Nomura because of the breach, the people said, asking not to be identified discussing non-public information. They may resume their equity or bond dealings with Nomura when there are further developments such as when the brokerage details steps to prevent a recurrence, they said.

One of the country’s ...