SMBC Nikko Securities Inc. Deputy President Toshihiro Sato was arrested Thursday in the latest development in the investigation into alleged market manipulation by the major Japanese brokerage.Sato, 59, who supervises its equity department, is suspected of placing large buy orders for an individual stock on April 8, 2021, to stabilize the price before selling it in violation of the financial instruments and exchange law, prosecutors said.Prosecutors the same day indicted five of the company's executives, believing they systematically conducted similar transactions between December 2019 and …READ FULL ARTICLE