In the case where four SMBC Nikko Securities executives were arrested on suspicion of market manipulation, one of them reported to multiple bosses by e-mail that he went for the company after making a fraudulent transaction. Interviews with related parties revealed that there was a suspicion that he had been doing this.
It is believed that the Tokyo District Public Prosecutor's Office received this e-mail and is proceeding with the elucidation of the actual situation, assuming that the fraud was systematically committed.
Four people, including Trevor Hill (51), a former head of the equity division of SMBC Nikko Securities, and Makoto Yamada (44), a former head of the equity department, were identified in about a year until November. He was arrested by the Tokyo District Public Prosecutor's Office on suspicion of market manipulation for violating the Financial Instruments and Exchange Act, alleging that he had made fraudulent transactions in order to prevent the stock price of the five stocks from falling.
Of these, the Equity Department is a department that buys and sells stocks with its own funds from a securities company. I was newly found by interviewing the people concerned that there was a suspicion that I had reported by e-mail multiple times.
Part of this email was also sent to the Vice President, who oversees Equity Headquarters.
It seems that the Special Investigation Department has obtained this e-mail and is proceeding with the elucidation of the perceptions of the bosses who received the e-mail, considering that the fraud was systematically repeated.
The vice president explained to the special investigation department that he had received reports of the transaction but did not recognize it as illegal.
The Special Investigation Department has not disclosed the approval or disapproval of the four arrested executives.