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Former SMBC Nikko managers found guilty in market manipulation case

The Japan TimesTuesday, July 22, 2025 at 2:48:00 AM
NegativeWorld Affairsfinancial crime
Former SMBC Nikko managers found guilty in market manipulation case
A Tokyo court has convicted two former managers of SMBC Nikko Securities for orchestrating a market manipulation scheme back in 2022. The case exposed shady practices in Japan's brokerage industry and already cost the firm millions in fines.
Editor’s Note: This isn't just about a few bad actors—it's a warning shot about lax oversight in Japan's finance world. When trusted institutions play fast and loose with market rules, it shakes investor confidence and puts regulators on high alert. Expect tighter scrutiny of trading desks in the aftermath.
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