Nomura Holdings (NMR) has been temporarily excluded from taking part in Japanese government debt auctions, the country's Ministry of Finance said Friday.
The suspension of "special entitlements", which will run from Oct. 15 to Nov. 14, comes after the identification of market manipulation by the company of 10-year government bond futures, according to the ministry.
"We take this matter very seriously and apologize to our clients and all other concerned parties for the trouble this has caused", Nomura said in a statement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.