Ex-SMBC Nikko Managers Face Verdicts in Market Manipulation Case
The Tokyo District Court is expected to deliver rulings later Tuesday concerning the firm's ex-head of equity Trevor Hill and his deputy Alexandre Avakiants, as well as three Japanese former executives. Prosecutors are seeking multi-year prison terms for their alleged role in trying to support stock prices ahead of so-called block trades. The five defendants have denied wrongdoing.
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