Mizuho Securities Wrong purchase order on Jasdaq The sale and purchase of 55 million yen was completed August 27, 19:02
Mizuho Securities Co., Ltd. announced that it has placed an erroneous buy order on the "JASDAQ" market, which is listed on the Tokyo Stock Exchange mainly by startup companies. It means that the purchase and sale of about 55 million yen was completed due to insufficient confirmation of the customer's order contents.
According to the announcement, on the 25th, Mizuho Securities issued an erroneous buy order for the purchase and sale of shares of the "Structural Planning Research Institute", a construction-related IT company listed on JASDAQ on the Tokyo Stock Exchange.
The customer specified the buy price, but did not accidentally specify the price, the buy order was placed in the future, and the transaction was closed at the high price.
It also means that the number of shares was wrong and we bought more than the customer ordered.
It is assumed that this erroneous order resulted in the sale and purchase of 18,700 shares, which is 0.3% of the issued shares of the company, for a total value of about 55 million yen.
The shares bought by the wrong order means that Mizuho Securities will take all of the shares and no loss will occur to the customer.
Mizuho Securities said that the confirmation of the customer's order details was insufficient, and "I deeply apologize for the inconvenience caused to the people in the market. We will thoroughly prevent recurrence." I will.
In 2005, Mizuho Securities also caused a large-scale mistake in placing a sell order by confusing the price and number of stocks, causing a great turmoil in the stock market at that time.