TOKYO -- Proprietary traders at SMBC Nikko Securities engaged in "inappropriate and unfair" trading activities from 2019 to 2021, according to three lawyers hired by the Japanese broker who conducted an internal probe and released their findings on Friday.
Markets
SMBC Nikko's 'unfair' trading revealed by lawyers' probe
Report follows arrest of executives in March for market manipulation
SMBC Nikko Securities is the first major brokerage in Japan to be charged with market manipulation. (Photo by Noka Karina)
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