SMBC Nikko Securities Inc., a member of Japan’s Sumitomo Mitsui Banking Corp. (SMBC), is now no longer a major shareholder of Petrovietnam Securities JSC (PSI), according to the Hanoi Stock Exchange (HNX).
Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from Friday as part of penalties in a market manipulation case.
Japan s Financial Services Agency orders SMBC Nikko Securities Inc. to suspend part of its operations for three months, urging the brokerage to improve compliance following a market manipulation scandal that led to the indictment of former executives.