Nomura's Capital PunishmentLeah Nathans Spiro
MAX CHAPMAN, CO-CHAIRMAN of Nomura Securities' U.S. operation, has dodged a bullet. Nomura and Chapman himself had been under investigation by the New York Stock Exchange since 1994 for a possible failure to supervise, say sources close to the firm. At issue: whether Nomura permitted $212 million of trades in Mexican securities in violation of NYSE net capital rules.
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