Nikko Securities probe panel calls it inappropriate, unjust act

SMBC Nikko Securities Inc. said Friday that an investigation panel looking into the major Japanese brokerage s trading scandal has called it an inappropriate and unjust act, adding that the incident was not prevented because of a failure in its corporate governance system.

In a report submitted to the brokerage the same day, the panel of three lawyers said that both management and employees had lacked norms that could have prevented the alleged market manipulation that led to the arrests and indictments of the company's former deputy president and five others.

It could be due to a conflict with your ad blocking or security software. There is a list of permitted sites that include jp and piano.io. If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page. We apologize for the inconvenience.