There is a suspicion that the vice presidents arrested in the market manipulation case over SMBC Nikko Securities placed a large number of buy orders after specifying the price in order to maintain the stock price of the pharmaceutical company that had fallen sharply. I found out by interviewing the people concerned.
Since the closing price on that day was almost the same as the specified price, it seems that the Tokyo District Public Prosecutor's Office is proceeding with the investigation assuming that the stock price was illegally maintained by a large number of buy orders.
Toshihiro Sato (59), vice president of SMBC Nikko Securities, and Makoto Yamada (44), a former manager of the equity department who buys and sells stocks with the company's own funds, made fraudulent stock transactions for specific stocks. He was arrested by the Special Investigation Department on the 24th on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act.
According to the people concerned, it is known that Vice President Sato and his colleagues had placed a buy order for 100,000 shares, which is equivalent to more than 600 million yen, for the shares of a pharmaceutical company in Tokyo on April 8, last year. The stock price on the day had dropped sharply to 6600 yen, which is about 400 yen lower than the closing price of 7030 yen on the previous day.
Vice President Sato and his colleagues placed a large number of orders after setting the purchase price to 6600 yen in less than 10 minutes just before the market closed at 3:00 pm, and the closing price on that day was 6620 yen.
It seems that the Special Investigation Department is investigating the details of the stock price, assuming that the stock price was actually maintained illegally by a large number of buy orders intended to support the stock price.
According to the people concerned, Vice President Sato stated to the investigation by the Special Investigation Department that "I received a report about the transaction, but I did not recognize it as illegal."
Removed Vice President Sato from SMBC Nikko Securities' arrest
SMBC Nikko Securities announced on the 25th that it has removed the arrested Vice President Sato from the work of managing the global markets division, including the stock market, on the 24th.
SMBC Nikko Securities explained that it had made the necessary personnel changes to continue its business, and said that it would re-implement the formal internal disposition based on the progress of the investigation and the results of the investigation by the investigation committee. increase.
In addition, the parent company Sumitomo Mitsui Financial Group announced on the 25th that it has retired from the managing director of the group that Vice President Sato was concurrently serving.