Japan’s Securities and Exchange Surveillance Commission (SESC) has recommended a 21.8 million yen ($151,715) fine on Nomura’s brokerage unit for alleged manipulation in the government bond futures market.

The investigation revealed that a trader at the company engaged in transactions involving 10-year government bond futures in March 2021 to influence the market. These actions led to a profit of 14.8 million yen ($102,777).

The fine has been recommended for the company itself, as the transactions were conducted on Nomura’s account, with the profits going to the firm.