A former SMBC Nikko Securities Inc. deputy president was indicted Wednesday in a deepening trading scandal over alleged market manipulation at the major Japanese brokerage.Toshihiro Sato, 59, who supervised the equity department, is suspected of colluding in placing large buy orders for an individual stock before the end of trading on April 8, 2021.The Tokyo District Public Prosecutors Office also indicted the company and Makoto Yamada, 44, the former head of the equity trading section.According to the indictment, Yamada was involved in "block offerings" for transactions with five stock iss…READ FULL ARTICLE
