OTHER NEWS - Oct. 1, 1991
Nomura Violation Disclosed: Japanese Finance Minister Ryutaro Hashimoto said a probe into whether the world’s largest brokerage manipulated stock prices showed that it had violated an order against large-scale dealings in a single issue. Japan’s Nomura Securities Co. could be suspended from business for up to three months for violation of the ministry order. A ministry official said it planned to punish Nomura within those limits. Hashimoto said, however, that the ministry had no evidence that Nomura had violated a law banning manipulation of share prices.
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