TOKYO -- Tokyo prosecutors have arrested four employees of SMBC Nikko Securities, including two executive officers, on allegations of market manipulation, Nikkei has learned from multiple sources.
The Tokyo District Public Prosecutors Office on Friday evening raided SMBC Nikko's headquarters. The arrested employees were: Trevor Hill, SMBC Nikko's head of equity; Alexandre Avakiants, deputy head of equity; Makoto Yamada, general manager of equity trading; and Shinichiro Okazaki, general manager of structured products.
