SMBC Nikko Arrests May Unnerve Investors

Suspicion has surfaced that executives of a major securities firm distorted the fairness of stock trading and prosecutors should thoroughly clarify the whole picture of the incident, Yomiuri Shimbun wrote in an editorial.

If the SMBC Nikko four broke the market rules to close such deals, it can be said to be a breach of trust to deceive investors and others. Prosecutors have reportedly obtained evidence that the crime was carried out systematically.

Read the full report: The Yomiuri Shimbun

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Tags: SMBC Nikko

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.