• SHARE

The Securities and Exchange Surveillance Commission called on the finance minister March 20 to take administrative action against Nikko Securities Co. for allegedly violating the Securities and Exchange Law and a ministry ordinance.

The brokerage is suspected of channeling roughly 291 million yen in profits from securities transactions to Shokei Arai, a House of Representatives lawmaker who committed suicide last month only hours before he was to be arrested for allegedly demanding the preferential treatment.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW