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From Times Staff and Wire Reports

Nomura Chairman, Vice Chairman Quit: The two top executives of Nomura Securities Co., the world’s largest brokerage, quit in disgrace in the second round of resignations over a scandal that has troubled Tokyo’s stock market for more than a month. Nomura said through a spokesman that Chairman Setsuya Tabuchi and Vice Chairman Yoshihisa Tabuchi resigned because of intensifying criticism that the company had not sufficiently taken responsibility for the scandal. The two officials, who are not related, will become company advisers, largely honorary posts, Nomura said. Nomura and three other big brokerages have admitted that they compensated major customers for billions of yen in market losses.

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