Japan regulator orders SMBC Nikko to halt block trading for 3 months
Japan's financial regulator on Friday ordered SMBC Nikko Securities to halt its block trade business for three months and to improve its compliance, as administrative penalties over a market manipulation case.
เกมยิงปลา This refund rate will be calculated for how many rounds the player will get, the rate of the RTP will be theoretical.
The Financial Service Agency also ordered the brokerage's parent, Sumitomo Mitsui Financial Group Inc (SMFG), to improve the group's compliance.
SMBC Nikko Securities and six former executives have been indicted on market manipulation charges over the purchase of 10 individual stocks on the market, allegedly to push up their prices and ensure that block trade deals in them did not fall through.
SMBC Nikko has already suspended its block trade business, which had accounted for about 5 per cent of its annual trading revenue before the scandal.