Japan's Nomura fined $2.5 million for insider trading

Tokyo's bourse imposed a record fine of about $2.5 million on Nomura Holdings on Wednesday in the wake of an insider trading scandal at Japan's biggest brokerage. The Tokyo Stock Exchange (TSE) said it was levying a 200 million yen penalty on the company, and ordering a "business improvement report" detailing what measures had been taken to prevent a repetition.
The Nikkei business daily said the fine reflected the TSE's feeling that Nomura had dented confidence in Japan's capital markets after employees leaked confidential information about future stock offerings. Small regional exchanges in Osaka and Nagoya were also planning to fine Nomura, the Nikkei said.