Japan's FSA fines Morgan Stanley for stock price manipulation
TOKYO, Dec. 16 (PNA/Kyodo) -- Japan's Financial Services Agency has fined Morgan Stanley MUFG Securities Co. 220 million yen (USD1.86 million) for stock price manipulation, the agency said Friday.
This is the first time a major foreign-affiliated brokerage firm has been fined for market manipulation, and the fine amount is the second highest in Japan for that offense, according to the FSA.
The Securities and Exchange Surveillance Commission recommended on Dec. 6 that the FSA fine the brokerage, which later admitted to committing the offense. (PNA/Kyodo)
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=83583.0
