Tokyo prosecutors on Friday arrested four employees of SMBC Nikko Securities Inc in connection with alleged stock manipulation and searched the Tokyo headquarters of the major Japanese brokerage. The four employees, including Trevor Hill, the 51-year-old head of the company's equity department, are suspected of trying to prevent a decrease…
Tokyo police arrested the three on suspicion of buying shares in Japanese biotechnology and drug startup Tella Inc. on the basis of undisclosed information on the firm's COVID-19 treatment.
Three men were arrested by Tokyo police Feb. 4 on suspicion of involvement in an insider trading scheme revolving around the purchase of shares in a company developing a pharmaceutical to treat COVID-19.