TSE News

TSE imposes Disciplinary Action Against SMBC Nikko Securities Inc.

Update : Feb. 27, 2014

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[Tokyo Stock Exchange, Inc.]

The Tokyo Stock Exchange (hereinafter "TSE") has imposed disciplinary action (imposition of a JPY 10 million fine) against SMBC Nikko Securities Inc. (hereinafter the "Company") pursuant to Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.
Additionally, TSE has requested the Company to submit a business improvement report pursuant to the provisions of Rule 19 of the Trading Participant Regulations.
The business improvement report shall include measures to prevent recurrence established by the Company (the review process, etc. for accepting seconded employees from group companies including its parent bank) and its implementation status.

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc., Tokyo Stock Exchange Group, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

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