Tokyo, July 22 (Jiji Press)–Tokyo District Court on Tuesday found five former senior officials of SMBC Nikko Securities Inc. guilty in a stock price manipulation case. According to the ruling, the five violated the financial instruments and exchange law between 2019 and 2021 by placing massive buy orders for 10 stocks before conducting so-called block offer transactions, in which brokerage…
Tokyo, July 22 (Jiji Press)–Tokyo District Court on Tuesday found five former senior officials of SMBC Nikko Securities Inc. guilty in a stock price manipulation case. According to the ruling, the five violated the financial instruments and exchange law between 2019 and 2021 by placing massive buy orders for 10 stocks before conducting so-called block offer transactions, in which brokerage…
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