In the market manipulation case by SMBC Nikko Securities executives, it was found in an interview with the people concerned that there was a suspicion that fraudulent stock trading was being carried out on multiple stocks in addition to the five stocks suspected.
The Tokyo District Public Prosecutor's Office is close to saying that the management system to prevent fraud was inadequate, and it is expected that SMBC Nikko Securities as a corporation will also pursue criminal liability for violating the Financial Instruments and Exchange Act.
SMBC Nikko Securities' former Equity Headquarters, Trevor Hill (51), Equity Headquarters, Makoto Yamada (44), and four others were identified during the year leading up to November. The stock was arrested on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act for fraudulent stock trading.
According to the people concerned, it is known that the four people are suspected of buying in large quantities by contacting each other to prevent the price of five stocks from dropping, but several other stocks are fraudulently using the same method. It was newly discovered that there was a suspicion that it was being traded.
There is also a suspicion that former manager Yamada had reported to multiple bosses by e-mail, such as "We supported the purchase for SMBC Nikko Securities" after the transaction.
The Special Investigation Department believes that SMBC Nikko Securities, which is a corporation in the near future, will also pursue criminal liability for violating the Financial Instruments and Exchange Act, saying that fraud has been systematically repeated and the management system to prevent fraud has been insufficient. Will be.