Article: Japanese regulator looks to fine Morgan Stanley for market manipulation

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Japanese regulator looks to fine Morgan Stanley for market manipulation

Hayley McDowell

The Trade, 6 December 2016

Japan’s Securities and Exchange Surveillance Commission (SESC) has recommended that Morgan Stanley be fined based on the findings of an investigation into market manipulation.

The SESC found a trader at Morgan Stanley had placed orders and conducted trades on the Tokyo Stock Exchange over a 14-day period in October 2015, without intention to execute.

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