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SMBC Nikko employees suspected of fraudulent stock transactions

Japanese watchdog raids brokerage headquarters in Tokyo

According to sources, Japan's securities watchdog is investigating SMBC Nikko over transactions outside of normal market hours last year. (Photo by Rie Ishii)

TOKYO -- Japan's securities watchdog has launched an investigation into SMBC Nikko Securities over suspicions that employees repeatedly engaged in fraudulent stock transactions, Nikkei has learned.

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