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Reuters
Reuters
Business

Japanese prosecutors investigating SMBC Nikko after management arrests - Asahi

SMBC Nikko Japan Tokyo SMBC Nikko Securities Inc
FILE PHOTO: SMBC Nikko Securities' logo is pictured at its headquarters in Tokyo, Japan December 5, 2017. Picture taken December 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Tokyo prosecutors are investigating SMBC Nikko Securities Inc following the arrest of four executives on accusations of market manipulation, the Asahi Newspaper reported on Tuesday.

The prosecutors are trying to determine if there is a case against SMBC Nikko's management for faulty supervision. Four executives, including a senior managing executive officer, were arrested on Friday.

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