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Tokyo prosecutors have charged SMBC Nikko Securities Inc. and five of its staff members with alleged stock market manipulation, as a trading scandal that’s rocked the nation’s financial industry escalated.

The prosecutors indicted the brokerage arm of the nation’s second-biggest banking group and the five employees in relation to allegedly propping up the price of certain companies’ shares before SMBC Nikko sold them in what are known as block offers, they said in a statement Thursday.

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