At a press conference after the Cabinet meeting, the Minister of State for Financial Services Suzuki said that five executives and a corporation were indicted and the vice president was arrested in the market manipulation case of SMBC Nikko Securities, which could shake the confidence of the market. He expressed his intention to deal strictly with the Financial Services Agency.
SMBC Nikko Securities was arrested by the Tokyo District Public Prosecutor's Office on the 24th on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act, alleging that the vice president made an illegal transaction such as buying a large amount of stocks to prevent the decline of a specific stock. In addition, five other executives and the company as a corporation were also charged.
Regarding this, Minister of State for Financial Services Suzuki said at a press conference after the Cabinet meeting on the 25th, "It is extremely regrettable. Securities companies and their officers and employees are in a position to make efforts to secure fair transactions in the market. It is suspected that he has made unfair transactions systematically. It is a situation that may shake the trust of the market. " I showed my thoughts.