TSE Imposes Disciplinary Action Against SMBC Nikko Securities
The Tokyo Stock Exchange (hereinafter “TSE”) has imposed disciplinary action (imposition of a JPY 10 million fine) against SMBC Nikko Securities Inc. (hereinafter the “Company”) pursuant to Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.
Additionally, TSE has requested the Company to submit a business improvement report pursuant to the provisions of Rule 19 of the Trading Participant Regulations.
The business improvement report shall include measures to prevent recurrence established by the Company (the review process, etc. for accepting seconded employees from group companies including its parent bank) and its implementation status.