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Japan Regulator Is Set to Ask Nomura to Report on Data Leak

Sept. 11, 2020, 7:35 AM

Japan’s Financial Services Agency is set to order Nomura Holdings Inc. to submit a report on how client information was leaked to a rival firm, a person with knowledge of the matter said.

The regulator has asked Nippon Institutional Securities Co., the company that received the information from a Nomura employee, to provide a separate report, the person said, asking not to be identified because the matter is confidential. The FSA is seeking to find out more about the issue and the orders aren’t necessarily a precursor to any penalties against the firms, according to the person.

Nomura said Thursday ...