Nomura Must Clean ‘Wounds’ on Insider Probe, Nakatsuka Says

Japan wants Nomura Holdings Inc. to clean its “wounds” and uphold higher ethical standards after the country’s biggest brokerage leaked information used for insider trading, the deputy banking minister said.

“I urge Nomura’s executives and employees to reevaluate their professional ethics and identify the problems with their internal controls and business practices,” Financial Services Senior Vice Minister Ikko Nakatsuka said in an interview yesterday. “I want Nomura to drain the pus from its wounds.”