Mitsubishi UFJ Securities Co., the Japanese brokerage preparing to merge with Morgan Stanley’s Tokyo-based securities business, said it has lost some business after an employee sold personal data on almost 50,000 clients.
“We are seeing an impact on our revenue as some corporate clients canceled some business,” said Fumiyuki Akikusa, the Mitsubishi UFJ Securities chief executive who will also lead the combined firm with Morgan Stanley.
Akikusa told reporters at a briefing in Tokyo on Friday that some brokerage orders for bond and stock transactions had been canceled. He didn’t provide details.
Police were called in to investigate the data theft by a 44-year-old male employee, who has been fired. The man sold information on 49,159 clients, including names, addresses, employer and salary, Mitsubishi UFJ Securities said earlier this month.
Bloomberg News
