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4 SMBC Nikko employees arrested on market manipulation charges

Major Japanese brokerage allegedly used 'buy' orders to move stock prices

Company employees are suspected of using timed 'buy' orders to inflate stock prices.   © Reuters
Nikkei staff writers | Japan

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.

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