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LINE Securities to restructure, to focus on Forex margin trading services
LINE Financial Corporation and Nomura Holdings, Inc. today announced that they have reached an agreement to restructure the financial services business of their joint venture, LINE Securities Corporation. As a result of the business restructuring, LINE Securities will focus on foreign exchange margin trading services while management of clients’ brokerage accounts will be transferred to Nomura Securities Co. Ltd. Client assets have been segregated and protected in trust accounts in accordance with laws and regulations and will not be affected in any way. The restructuring is slated for completion in 2024. Any other ... (full story)