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According to the article, what was the source of the leaked information?
Market participants have long complained that non-public information is leaked to specific investors ahead of new share issues, allowing them to profit from the difference.
Nomura says lax internal controls and an excessive pursuit of profits partly led to staff leaking insider information. It stated that it would halve top executives’ pay for several months, fire those responsible and suspend certain businesses.
Kenichi Watanabe, chief executive, will take a 50 per cent pay cut for six months, while Takumi Shibata, chief operating officer, will take the same cut for five months starting from tomorrow. Mr Watanabe’s pay for the year ending March was 128 million yen.
According to the article, what was the source of the leaked information?
What is a main concern of regulators in
It stated that it would halve top executives’ pay for several months, fire those responsible and suspend certain businesses.
The idiom, come to light means
Based on the information in the article, how might one characterize the punishments that the CEO and COO are getting?
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