In the market manipulation case by SMBC Nikko Securities executives, the Securities and Exchange Surveillance Commission said that it was conducting fraudulent stock trading in order to maintain the stock price of a specific stock, and as a corporation with four former vice presidents SMBC Nikko Securities has filed a criminal complaint with the Tokyo District Public Prosecutors Office on suspicion of market manipulation in violation of the Financial Instruments and Exchange Act.
The criminal charges were made by former vice president of SMBC Nikko Securities, Toshihiro Sato (59), and the former director of the equity department, which buys and sells stocks with the company's own funds, and was charged with another market manipulation charge. There are four people in total, including Makoto Yamada (44).
In addition, SMBC Nikko Securities as a corporation was also charged with criminal charges.
According to the Securities and Exchange Surveillance Commission, the four people violated the Financial Instruments and Exchange Act from October to April last year, alleging that they made fraudulent transactions such as buying large quantities to maintain stock prices for five specific stocks. There is a suspicion of market manipulation.
According to the people concerned, former Vice President Sato, who was arrested by the Tokyo District Public Prosecutor's Office on the 24th of last month, is suspected of having received an email from former Director Yamada about the transaction in April last year. is.
The Special Investigation Department is expected to prosecute SMBC Nikko Securities as a corporation with the former vice presidents on the 13th of the detention deadline.
According to the people concerned, former Vice President Sato denied the charges, saying, "I received a report about the transaction, but I was not aware of the illegality," in response to an investigation by the Special Investigation Department.