The vice president, who was arrested on the 24th in a market manipulation case involving a major securities company, SMBC Nikko Securities, is equivalent to more than 600 million yen in stocks of a pharmaceutical company in Tokyo together with executives of a department that buys and sells stocks with the company's own funds. Interviews with related parties revealed that there was a suspicion that a large number of buy orders had been placed.


The Tokyo District Public Prosecutor's Office is believed to be investigating the details of the company's profits by illegally buying and supporting stock prices.

Toshihiro Sato, 59, vice president of SMBC Nikko Securities, said in April last year that he had made a fraudulent transaction to prevent the stock price of a particular stock from falling, and was suspected of violating the Financial Instruments and Exchange Act. On the 24th, I was arrested by the Special Investigation Department.



According to the people concerned, Vice President Sato is a former manager of the equity department that buys and sells stocks with the company's own funds. According to an interview with the people concerned, it was found that there was a suspicion that they had placed a buy order for 100,000 shares, which is equivalent to more than 600 million yen.



Of these, 40,000 shares were closed and actually purchased, so the Special Investigation Department is detailed that the vice presidents were trying to secure the profits of the company by illegally buying and supporting the stock price of the pharmaceutical company. It is expected that the process will be elucidated.



The Special Investigation Department has not disclosed the approval or disapproval of Vice President Sato, but according to the people concerned, in response to the investigation before the arrest of the Special Investigation Department, "I received a report, but I did not recognize that it was illegal. "And so on.

Thorough indication of recurrence prevention is expected to have an unavoidable impact on business results

After apologizing for the market manipulation incident at a press conference on the night of the 24th, SMBC Nikko Securities President Kondo said, "We will investigate the cause, formulate improvement measures, and strive to restore trust by firmly implementing them. I think that is the responsibility I should fulfill. "



In response to the incident, the company decided to increase the number of personnel to examine whether the sale is appropriate and to introduce a new system to prevent suspicious transactions from next month as a measure to prevent recurrence.



Furthermore, based on the results of the investigation by the investigation committee consisting of lawyers established to investigate the cause, we will compile additional measures and thoroughly prevent recurrence.



However, in response to the incident, some client companies have already begun to forgo transactions, and it is expected that the impact on business performance will be unavoidable, and the road to regaining trust is likely to be steep.