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© KYODOEx-SMBC Nikko deputy president indicted over market manipulation
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12 Comments
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Dango bong
Japan is all about controlled capitalism.
HBJ
More corruption
Gobshite
No punishment, no loss of pension. Watch this space
smithinjapan
I smell a suspended sentence in the works!
Hello there
I'm guessing nothing will happen to him after a little bow.
Nosui
The unusually high level purge of SMBC Nikko is believed to be, in part, because SMBC Nikko had the nerve to complain to the FSA after one of their employees died in October of a brain aneurysm shortly after multiple interrogation sessions that lasted up to 10 hours. (Source: FT)
Not defending Nikko SMBC’s actions, but one opinion is that the FSA seem to be on a mission against the whole firm to deflect from their own unethical behavior.
Rodney
I always thought “market manipulation” is the founding stone of capitalist democracy?
Kyo wa heiwa dayo ne
Does crime really pay ?
Alan Harrison
Why are they not being detained? Ooops! Forgot again. They must be Japanese.
Chico3
Yup. More corruption. I'm sure that person will give his "obligatory" apology and be relocated to another position in that company without much change in his salary. No biggie in this.
FourIce
Basically they "spoofing" the market, which is cheating. Good they are caught.