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. Last Updated: 07/27/2016

Nomura Probe Widens

TOKYO -- Japan's securities watchdog, the Securities and Exchange Surveillance Commission, has filed complaints with prosecutors against Nomura Securities Co. Ltd. and three former Nomura executives, government sources said Tuesday.


The complaints were filed following the SESC's probe into allegations that the nation's biggest brokerage made illegal compensation payments of 49.7 million yen ($417,000) to a corporate client who has been linked to a "sokaiya" racketeer, the sources said.


Filing a complaint with prosecutors is the first step towards bringing legal action against a company or an individual. The SESC raided Nomura's offices in March in a widening probe into the brokerage's role in the payments.