Japan brokerage giant Nomura told to investigate alleged arson, murder attempt by ex-worker

Japan’s financial regulator is urging Nomura Holdings Inc. to examine the cause of an alleged robbery and attempted murder committed by a former employee, and to formulate measures to prevent similar incidents, according to people familiar with the matter.

The Financial Services Agency wants the country’s largest brokerage to thoroughly review the alleged incident and analyse its cause and background, said the people, who asked not to be identified because the information is private. The regulator will follow up with Nomura on its progress in implementing these steps, the people added.

“Through measures announced on November 6, Nomura will intensify efforts to enforce strict adherence to the Code of Conduct by every employee and strive to restore the trust of our stakeholders,” the Tokyo-based company said.

An FSA representative declined to comment.

The development is the latest example of Nomura entering the regulator’s crosshairs. The agency fined the firm last month for having manipulated Japan’s government bond futures market in 2021, a scandal that has prompted some clients to shift bond trading and underwriting business to rivals.

The latest edict follows reports that a 29-year-old man was arrested on suspicion of having drugged an elderly customer and his spouse in Hiroshima, stealing about 26 million yen (US$170,000) in cash from their home and setting it on fire. The suspect has been accused of robbery, arson and attempted murder.