Yuichiro Kondo will stay in his posts for the time being, sources said, in view of his expertise in the securities business and the fact he joined after the market manipulation occurred.
SMBC Nikko Securities Inc. President Yuichiro Kondo on Nov. 4 expressed his intention to resign once he finishes leading the brokerage s revamp efforts following a market manipulation scandal that caused former executives to be indicted.
November 04, 2022 - The Japan Times japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
A committee set up by SMBC Nikko Securities Inc. to investigate alleged market manipulation within the company is condemning executives for “unjust acts” that were “intended” to prop up stock prices before the market closed.
SMBC Nikko Securities Inc. says an investigation panel looking into the major Japanese brokerage s trading scandal has called it an "inappropriate and unjust act," adding the incident was not prevented because of a failure in its corporate governance system.