Sun Nov 03 23:46:18 UTC 2024: ## Nomura Trader at Center of Manipulation Scandal Exits Firm, CEO Takes Pay Cut
**Tokyo, Japan** – In a move to address a recent market manipulation scandal, Nomura Holdings Inc. has announced the departure of the trader at the center of the controversy. The firm also revealed that CEO Kentaro Okuda will voluntarily return 20% of his pay for two months as a measure of accountability. Several other executives, including Deputy President Yutaka Nakajima, will also take similar or smaller pay cuts.
The employee who manipulated Japanese government bond futures is no longer with Nomura, according to an anonymous source within the company. This decision comes in the wake of the scandal, which has shaken confidence in the firm and its ability to maintain ethical practices.
Nomura’s decision to take action against both the individual trader and senior management reflects a commitment to transparency and accountability. This move is intended to regain the trust of investors and stakeholders after the damaging manipulation incident.
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