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The Independent UK
The Independent UK
National
Via AP news wire

YOU WONT BELIEVE: Japan regulator orders brokerage to halt block trading | Mind Blowing Facts

SMBC Nikko SMBC
ASSOCIATED PRESS

Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from Friday as part of penalties in a market manipulation case.

That follows the arrest of its vice president, Toshihiro Sato, and several other employees on suspicion they put in massive buy orders to prop up stock prices of certain shares.

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