In the market manipulation case by SMBC Nikko Securities executives, the Tokyo District Inspection Special Investigation Department financed SMBC Nikko Securities as a corporation with five executives, alleging that they were conducting fraudulent stock trading in order to maintain the stock price of a specific stock. I was charged with market manipulation for violating the Commodity Trading Law.
It is extremely unusual for a major securities company to be prosecuted for fraud over the buying and selling of stocks.