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A.R. Baron & Co. and 13 of the defunct securities firm’s top executives and brokers were arrested and charged by the Manhattan district attorney with defrauding customers out of $75 million. All the defendants pleaded innocent in New York Supreme Court. . . . Japan’s securities watchdog filed complaints with prosecutors alleging that Nomura Securities Co., Japan’s biggest brokerage, and three former executives made illegal payments to a client.

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