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.
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 […]
Japan's SMBC Nikko Securities has confirmed that a number of its executives have been arrested for alleged market manipulation, following charges from the country's financial watchdog.
Japan's SMBC Nikko Securities has confirmed that a number of its executives have been arrested for alleged market manipulation, following charges from the country's financial watchdog.