SMBC Nikko Securities Inc.

SMBC Nikko Securities is a financial services company providing investment banking, securities, and asset management services, aiming to offer clients comprehensive financial solutions.

CCI Score

-46.34

0.03% April 18

Latest Event

SMBC Nikko Fined for Market Manipulation

On February 14, 2023, Tokyo District Court imposed a fine of ¥700 million along with an additional penalty of approximately ¥4.4 billion on SMBC Nikko Securities Inc. for engaging in illegal stock price manipulation. The ruling, which also resulted in a suspended prison sentence for former executive Teruya Sugino, highlighted systemic failures in the company's oversight and its role as a gatekeeper of market fairness.

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QUISLING

SMBC Nikko Securities Inc. is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

FEB

14

2023

SMBC Nikko Fined for Market Manipulation
-51.19

On February 14, 2023, Tokyo District Court imposed a fine of ¥700 million along with an additional penalty of approximately ¥4.4 billion on SMBC Nikko Securities Inc. for engaging in illegal stock price manipulation. The ruling, which also resulted in a suspended prison sentence for former executive Teruya Sugino, highlighted systemic failures in the company's oversight and its role as a gatekeeper of market fairness.
-80

Business Practices and Ethical Responsibility

April 1

The court's decision underscores a significant lapse in ethical responsibility and business practices. SMBC Nikko's involvement in market manipulation, as well as its failure to implement effective countermeasures to prevent repeated illegal acts, reflects a deep-rooted issue in its corporate culture.

SMBC Nikko Fined 700 Million Yen over Market Manipulation
-50

Public and Political Behavior

April 1

As a market gatekeeper entrusted with protecting investor interests and maintaining transactional fairness, SMBC Nikko’s misconduct represents a failure in fulfilling its public responsibilities. The legal action and associated penalties signal a breach of public trust, thereby warranting a negative evaluation in the realm of public and political behavior.

SMBC Nikko Fined 700 Million Yen over Market Manipulation
FEB

13

2023

Guilty of Market Manipulation in Trading Scandal
-48.25

SMBC Nikko Securities Inc. and a former executive were found guilty of manipulating market prices through a block offer scheme. The Tokyo District Court mandated a fine of 700 million yen and the forfeiture of 4.47 billion yen in earnings, highlighting unethical business practices that undermine market fairness.
-60

Business Practices and Ethical Responsibility

April 1

The court ruling against SMBC Nikko Securities Inc. for market manipulation demonstrates serious unethical business practices. Such behavior disrupts fair market mechanisms, undermines investor trust, and contributes to broader economic inequality, negatively impacting worker and community interests.

SMBC Nikko Found Guilty of Market Rigging in Trading Scandal (1)
OCT

07

2022

Suspension of Operations Following Trading Scandal
-49.35

SMBC Nikko Securities Inc. was ordered by Japan's Financial Services Agency to suspend part of its operations for three months after a market manipulation scandal involving illegal block offerings and unauthorized sharing of customer data was uncovered.
-80

Business Practices and Ethical Responsibility

April 1

The firm engaged in unethical business practices, including market manipulation and non-transparent corporate compliance. Such practices violate standards of ethical responsibility in financial operations.

SMBC Nikko ordered to suspend some operations over trading scandal
-50

Technology and Services Impact

April 1

The incident included unauthorized sharing of customer data with a group company, indicating lapses in ethical use of technology and data management.

SMBC Nikko ordered to suspend some operations over trading scandal
-60

Economic and Structural Influence

April 1

The manipulation of stock prices through illegal block offerings reflects a misuse of economic influence and undermines market integrity.

SMBC Nikko ordered to suspend some operations over trading scandal
MAR

05

2022

SMBC Nikko Faces Disciplinary Action Amid Trading Scandal
-36.58

SMBC Nikko Securities Inc. may face disciplinary action after employees, including executive officers, were arrested on suspicion of market manipulation. The firm has initiated an internal probe into its trading practices, raising concerns about ethical standards and corporate accountability.
-50

Business Practices and Ethical Responsibility

April 1

The trading scandal and subsequent disciplinary actions highlight serious ethical lapses and potential violations of established financial practices. This misconduct undermines investor confidence and market integrity, reflecting negatively on the company’s commitment to ethical business practices.

SMBC Nikko May Face Disciplinary Action After Trading Scandal