In the market manipulation case in which four executives of SMBC Nikko Securities, a major securities company, were arrested, the Tokyo District Public Prosecutor's Office heard the situation voluntarily by the 9th from the vice president in charge of managing the operations of the arrested executives. Was found by interviewing the people concerned.
It is probable that the Special Investigation Department requested an explanation about the internal management system, etc., considering that fraudulent stock trading was repeated.
Four executives, including Trevor Hill, 51, a former head of SMBC Nikko Securities' equity headquarters, have been fraudulently trading five specific stocks in the year leading up to November to prevent stock prices from falling. Was arrested by the Tokyo District Public Prosecutor's Office on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act.
All four belong to the Equity Headquarters, and it was newly found by interviewing the people concerned that the Special Investigation Department had voluntarily heard the situation from the vice president in charge of this department by the 9th.
In the transaction in question, it is known that there is a suspicion that the stock price was illegally maintained by contacting multiple departments and placing a large number of buy orders when the stock price of a specific stock fell. ..
The special investigation department asked the vice president to explain how much he had grasped the internal management system and the transaction process, and the vice president said, "I did not know that illegal transactions were being carried out." That is.
The Special Investigation Department believes that fraudulent stock trading has been repeated within the company, and is expected to further clarify the actual situation.
According to people familiar with the matter, the four have denied the charges.