The Japan Securities Dealers Association said on March 15 it has imposed a penalty of 300 million yen ($2.23 million) on SMBC Nikko Securities Inc. for market manipulation, matching the highest fine previously issued by the organization.
The Japan Securities Dealers Association said Wednesday it has imposed a penalty of 300 million yen on SMBC Nikko Securities Inc for market manipulation, matching the highest fine previously issued by the organization. According to the JSDA, SMBC Nikko illegally propped up the prices of 10 individual stock issues to…
A court ordered SMBC Nikko Securities Inc. to pay a fine of 700 million yen ($5.3 million) and an additional penalty of around 4.47 billion yen for manipulating stock prices.