Nomura s China Securities JV Is Embroiled in Data Breach Scandal Zhou Nan Nomura s China Securities JV Is Embroiled in Data Breach Scandal
(Yicai Global) Dec. 15 Japan’s biggest brokerage and investment bank Nomura Holdings’ joint venture securities firm in China is reeling from recent allegations that it leaked confidential data about a third party without performing the necessary internal checks, the JV said.
The reputation of Nomura Orient International Securities, China’s first foreign-controlled brokerage, has been severely damaged, it said on Dec. 13. The Shanghai-based company has reported the incident to the authorities and reserves the right to take legal action against those responsible, it added.