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The Securities and Exchange Surveillance Commission filed a criminal accusation with prosecutors March 20 against Yamaichi Securities Co. and three of its former executives for allegedly falsifying financial statements.

Investigations by the SESC showed that the brokerage, former Chairman Tsugio Yukihira, former President Atsuo Miki and former Vice President Ryuji Shirai violated the Securities and Exchange Law by submitting false financial statements for fiscal 1995 through 1997. The three were arrested earlier this month on the charges.

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