It is suspected that the stock price was maintained by placing a large number of buy orders by contacting the executives of multiple departments when the price of a specific stock dropped in the market manipulation case in which four SMBC Nikko Securities executives were arrested. I found out from interviews with the people concerned that there is.
Since the exchanges between executives are left in e-mails and voice data, it seems that the Tokyo District Public Prosecutor's Office is proceeding with elucidation of the actual situation, considering that there is a suspicion that fraud was systematically committed within the company.
Former General Manager of Equity Headquarters of SMBC Nikko Securities, with Trevor Hill (51), Former Deputy General Manager of Alexandre Avakants (44), Former General Manager of Equity Department, Makoto Yamada (44), Equity. Shinichiro Okazaki (56), a former director of the Product Solutions Department, has four (Okazaki and Shinichiro) who are fraudulent in order to prevent stock prices from falling for five specific stocks in the year leading up to November. He was arrested by the Tokyo District Public Prosecutor's Office on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act for making a deal.
Former General Manager Yamada was an executive in the department that buys and sells stocks with his own funds from a securities company, and former General Manager Okazaki was an executive in the sales department in charge of major shareholders. There is a suspicion that former manager Yamada was supporting the stock price by placing a large number of buy orders by keeping in touch with the specific stocks to be stocked when the stock price was declining.
Since the exchange between the two is recorded in communication records such as e-mail and voice data, it seems that the Special Investigation Department is proceeding with the elucidation of the actual situation, assuming that fraud was systematically carried out within the company.
According to the people involved, all four have denied the charges.