branch manager: While Nomura hasn't uncovered evidence that employees broke insider trading rules, the firm concluded it violated a law governing the treatment of corporate information, they said, according to The Japan Times. Wash House shares jumped 80 percent from early February through March 10, when the company disclosed the split after the market close. An internal investigation found that a former branch manager in Kyushu mishandled private information that Wash House was considering a stock split, the people said. The stock surged as much as 15 percent the trading day after the announcement. Nomura started investigating the incident in April, combing through phone records to gauge how the information was handled, said the people. Nomura arranged Wash House's November initial public offering, a deal the former branch manager was involved in, according to the people.
(news.financializer.com). As
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Tagged under branch manager, phone records topics.