Tokyo Stock Exchange | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.

Japan Authorities Arrest Head of Equity & 3 Team Members from SMBC Nikko Securities for Stock Market Manipulation

5th March 2022 | Hong Kong

Japan authorities in Tokyo had arrested the Head of Equity & 3 equity team members from SMBC Nikko Securities for stock market manipulation.  The 4 employees including the Managing Director & Head of Equity Trevor Hill, Deputy Chief Equity Alexandre Avakiants, Makoto Yamada and Shinichiro Okazaki, are suspected to have been involved in “block offerings” by placing orders in after-trading hours to support decline in prices of 5 listed companies between 2019 to 2020.  The Tokyo Securities and Exchange Surveillance Commission had searched the Tokyo headquarters of SMBC Nikko in 2021 for alleged violation of the financial instruments and exchange law.  Offenders are subject to a prison term of up to 10 years or a fine of ¥10 million (USD 87,000) or less or both. Offending companies will be slapped with a fine of up to ¥700 million (USD 6 million).  SMBC Nikko Securities (brokerage business) is a subsidiary of Sumitomo Mitsui Banking Corporation Group, the 2nd largest banking group in Japan and one of the top 3 megabanks in Japan alongside MUFJ Financial Group and Mizuho Financial Group. 

“ Japan Authorities Arrest Head of Equity & 3 Team Members from SMBC Nikko Securities for Stock Market Manipulation “


Ads & Announcements

SMBC Nikko Securities Inc. Statement: 

Tokyo Stock Exchange

On 5th March 2022

Re: Arrest of Employees and Establishment of an Investigation Committee 

Yesterday, employees of our company were arrested by the Tokyo District Public Prosecutors Office on the suspicion of violating the Financial Instruments and Exchange Act (charges of market manipulation). We take this matter very seriously and sincerely apologize to our customers and other concerned parties for causing great concern and inconvenience. 

We are fully cooperating with the investigation by the relevant authorities and have yesterday established an investigation committee to establish the facts of the incident and identify required responses. 

The investigation committee is comprised three members: Kenji Kawai Esq. (committee chair), Takashi Nonoue Esq. and Naoki Kadotani Esq. 

We will strictly deal with the findings of the investigation by the authorities and the investigation committee and take all necessary steps across our organization to restore the trust of customers and other concerned parties. 

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives

New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us

    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly

    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014

    Web links may be disabled on mobile for security.
    Please click on desktop.

    Previous articleHotpot Haidilao Founder & Singapore Billionaire Zhang Yong to Step Down as CEO, Yang Lijuan Becomes CEO 
    Next articleChina Sets GDP Growth in 2022 at 5.5% covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia