Bloomberg reports that Watanabe told shareholders at an annual meeting in Tokyo Wednesday that the firm will make sincere efforts to restore confidence,.
Watanabe, 59, is under pressure to explain how employees leaked information ahead of share sales managed by Nomura in 2010 that third parties used for trading. Regulators have also investigated firms including Sumitomo Mitsui Financial Group’s brokerage unit and JPMorgan in an effort to restore confidence in Japan’s capital markets.
Reuters reports that Watanabe was re-elected as CEO, but faced a series of tough questions from shareholders about the firm's slumping share price and his handling of the protracted insider trading probe.
Watanabe bowed in apology at the annual shareholders' meeting and vowed to shore up compliance in the wake of the third insider trading scandal to rattle the broker since he took the helm in April 2008.
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