Branch Manager: Nomura and Stock Split

branch manager: Following an internal investigation, Nomura found a former branch manager in Kyushu mishandled private information that Wash House Co. was considering a stock split, Bloomberg reported earlier this month, according to The Japan Times. Nomura arranged the coin-laundry operator's initial public offering in November, a deal in which the former branch chief was involved. The nation's biggest brokerage submitted a report to the Financial Services Agency this month acknowledging that it violated local laws and detailing steps to improve how it handles corporate information, the people said, asking not to be identified because the matter is private. As part of efforts to strengthen compliance, Nomura plans to boost monitoring of sales activities at its 158 domestic retail outlets, the sources said. Kenji Yamashita, a Tokyo-based spokesman for Nomura, declined to comment. It will also introduce training for branch managers to undergo before working on IPOs to remind them that they are prohibited from commenting about the companies after the listings, they added. (news.financializer.com). As reported in the news.