{"id":5580,"date":"2014-01-08T00:00:00","date_gmt":"2014-01-08T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/01\/sec_in_action_finds_nomura_hol"},"modified":"2022-03-11T13:34:10","modified_gmt":"2022-03-11T19:34:10","slug":"sec-in-action-finds-nomura-hol","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-in-action-finds-nomura-hol\/","title":{"rendered":"SEC in Action: Finds Nomura Holdings Not Ineligible Issuer Even with Judgment, Will Consider Redrafted Shareholder Proposal Regarding Exelon, &#038; Puts Out Regulation M, Rule 105 Violation Sanctions"},"content":{"rendered":"\n<p>The Securities and Exchange Commission\u2019s Division of Corporation Finance has given relief to Nomura Holdings, Inc. over an entry in the final judgment issued against its subsidiary Instinet, LLC last month. The staff said that Nomura made a good cause showing under 1933 Securities Act Rule 405(2), and now the SEC says it won\u2019t consider the company an ineligible issuer even with the entry of that final judgment. <\/p>\n<p>The SEC opened up an administrative proceeding action against Instinet, accusing it of purposely abetting and aiding and violating sections of the Investment Advisers Act. The claims involved purported soft dollar payments. <\/p>\n<p>J.S. Oliver Capital Management, L.P., an Instinet customer, had asked for the payments for expenses it did not tell clients about. The Commission says that Instinet made the payments per JS Oliver\u2019s request, even though there were red flags indicating that the requests for payment approval were improper. The Nomura subsidiary turned in a settlement offer that led to a cease-and-desist order against the brokerage firm, &amp; the regulator accepted the settlement offer. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-in-action-finds-nomura-hol\/\"  title=\"Continue Reading SEC in Action: Finds Nomura Holdings Not Ineligible Issuer Even with Judgment, Will Consider Redrafted Shareholder Proposal Regarding Exelon, &#038; Puts Out Regulation M, Rule 105 Violation Sanctions\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission\u2019s Division of Corporation Finance has given relief to Nomura Holdings, Inc. over an entry in the final judgment issued against its subsidiary Instinet, LLC last month. The staff said that Nomura made a good cause showing under 1933 Securities Act Rule 405(2), and now the SEC says it won\u2019t consider [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3760,3761],"tags":[],"class_list":["post-5580","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC in Action: Finds Nomura Holdings Not Ineligible Issuer Even with Judgment, Will Consider Redrafted Shareholder Proposal Regarding Exelon, &amp; Puts Out Regulation M, Rule 105 Violation Sanctions &#8212; Investor Lawyers Blog &#8212; January 8, 2014<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission\u2019s Division of Corporation Finance has given relief to Nomura Holdings, Inc. over an entry in the final judgment &#8212; January 8, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-in-action-finds-nomura-hol\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC in Action: Finds Nomura Holdings Not Ineligible Issuer Even with Judgment, Will Consider Redrafted Shareholder Proposal Regarding Exelon, &amp; Puts Out Regulation M, Rule 105 Violation Sanctions &#8212; Investor Lawyers Blog &#8212; January 8, 2014\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission\u2019s Division of Corporation Finance has given relief to Nomura Holdings, Inc. over an entry in the final judgment &#8212; January 8, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC in Action: Finds Nomura Holdings Not Ineligible Issuer Even with Judgment, Will Consider Redrafted Shareholder Proposal Regarding Exelon, & Puts Out Regulation M, Rule 105 Violation Sanctions &#8212; 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