SECURITIES

Nomura Won’t Be Prosecuted in Stock Scandal: The Tokyo district prosecutor’s office has decided not to file charges against Nomura Securities Co. or its former executives in connection with improper compensation of client losses and manipulating stock prices, a Nomura spokesman said. The prosecutor’s office declined to comment. In July, 1991, an angry investor asked public prosecutors to launch a criminal investigation of Nomura, its former chairman, Setsuya Tabuchi, and former president, Yoshihisa Tabuchi. The unnamed investor accused them of damaging shareholders’ profits by compensating investment losses for favored clients.