Securities regulation

Scandal at Japanese brokerage widens with executive’s arrest

By YURI KAGEYAMAMarch 24, 2022 GMT

TOKYO (AP) — The scandal at a top Japanese brokerage widened as the vice president of SMBC Nikko Securities was arrested Thursday and the company was charged with stock manipulation.

The arrest of Toshihiro Sato on charges of violating securities regulations followed arrests earlier this month of four other employees of the Tokyo-based company on the same charges.

Investment firm agrees to pay $800K in settlement with state

March 4, 2022 GMT

CONCORD, N.H. (AP) — The founder of an investment company has agreed to pay $800,000 in a settlement with the state of New Hampshire over misleading statements about fund management fees, commingling assets with funds and not filing required documents, state regulators said Friday.

Financial adviser accused of spending investor’s $200K

November 19, 2018 GMT

CONCORD, N.H. (AP) — A financial adviser in Maine has been accused of spending over $200,000 of an investor's money on real estate deals and a cannabis business...