Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.
January 15, 2024SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.
February 15, 2023SMBC Nikko has already been ordered to suspend its block trading business for 3 months. The trial is set to end on 26 Dec and a verdict delivered on 13 Feb.
October 31, 2022The SESC has recommended that the FSA punish SMBC Nikko Securities for stock price manipulation and shortfalls in its trading surveillance system.
September 30, 2022ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.
September 8, 2022The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.
April 14, 2022Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm's equity division was also arrested.
March 25, 2022Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.
March 7, 2022The CSRC has reportedly given Morgan Stanley 30 days to provide details about its role in a US investigation into its block trading practices.
March 1, 2022The DOJ and SEC are reportedly examining whether banks may have improperly alerted hedge funds ahead of market-moving block trades.
February 17, 2022