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Japan regulator orders brokerage to halt block trading | Borneo Bulletin Online

TOKYO (AP) – Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from yesterday as part of penalties in a market manipulation case. That follows the arrest of its Vice President Toshihiro Sato, and several other employees on suspicion they put in massive buy orders to […] ....

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Ex-SMBC Nikko deputy president indicted over market manipulation

A former SMBC Nikko Securities Inc deputy president was indicted Wednesday in a deepening trading scandal over alleged market manipulation at the major Japanese brokerage. Toshihiro Sato, 59, who supervised the equity department, is suspected of colluding in placing large buy orders for an individual stock before the end of… ....

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