In the market manipulation case over SMBC Nikko Securities, the Tokyo District Prosecutor's Office financed SMBC Nikko Securities as a corporation with two former vice presidents, alleging that it had engaged in 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.
According to people familiar with the matter, the two have denied recognition of illegality in the investigation.
The indicted were Toshihiro Sato (59), a former vice president of SMBC Nikko Securities, and Makoto Yamada (44), a former manager of the equity department who buys and sells shares with the company's own funds.
In addition, SMBC Nikko Securities as a corporation was also indicted.
According to the Tokyo District Public Prosecutor's Office, former Vice President Sato and former Director Yamada have been accused of violating the Financial Instruments and Exchange Act, alleging that they have made fraudulent transactions such as buying large quantities to maintain the stock price of a specific stock. I have been asked.
Former Vice President Sato was charged with being involved in fraudulent stock trading in a pharmaceutical company in Tokyo, and former Vice President Yamada was charged with fraudulent stock trading on five stocks, including this company.
Former Director Yamada was charged with market manipulation over five other stocks last month.
According to the people concerned, in response to the investigation by the Special Investigation Department, both former Vice President Sato and former Director Yamada stated that "there was no recognition of illegality."
"Take the situation seriously and deeply reflect on it."
SMBC Nikko Securities said, "We cannot deny that there was a defect in the internal control system, and we recognize that our responsibility as a corporation is unavoidable, and we take the situation seriously and deeply regret it. We will take strict measures based on such factors, and make a company-wide effort to restore trust. "