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Japan: Former Nomura Securities Employee and Friend Receive Suspended Sentenced, Fine in Insider Trading Case

On Thursday, the Tokyo District Court on Thursday convicted a former employee of Nomura Securities Co. and a friend of insider stock trading and sentenced them both to 2 1/2-year prison sentences. The Japan Times reports that the court fined Li Yu, formerly with Nomura, ¥1 million (approximately US$11,000) and fined his codefendant, Su Chunguang, […]