HOME > NATION > Article

Text Size

small

medium

large


(Update) Fine Sought for Nomura over Alleged JGB Futures Manipulation

(Update) Fine Sought for Nomura over Alleged JGB Futures Manipulation

   Tokyo, Sept. 25 (Jiji Press)--Japan's Securities and Exchange Surveillance Commission on Wednesday advised the Financial Services Agency to impose a fine of 21.76 million yen on Nomura Securities Co. for allegedly manipulating the Japanese government bond futures market.
   The brokerage giant is suspected of making profits by placing many orders without intending to actually trade, in violation of the financial instruments and exchange law.
   According to the SESC, a Nomura Securities trader allegedly manipulated prices for long-term JGB futures on the Osaka Exchange on March 9, 2021, by placing numerous sell and buy orders, which induced orders by other market participants.
   The Nomura Securities trader then repeatedly traded at advantageous price levels to amass a profit of 1.48 million yen before canceling 98 pct of the inappropriately placed orders.
   "It was an act that discredits securities companies at a time when they are expected to act as market gatekeepers," the industry watchdog said.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Ishiba Vows to Fulfill Accountability for LDP Money Scandal in 1st Diet Speech
ECONOMY
Honda's N-Box Tops Japan April-Sept. New Auto Sales Rankings for 3rd Year in Row
SPORTS
2026 Winter Olympics Closing Ceremony Tickets Priced as High as 2,900 Euros
OTHER
Tokyo Assembly Passes Japan's 1st Ordinance Banning "Customer Harassment"

AFP-JIJI PRESS NEWS JOURNAL


Photos