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Sumitomo Mitsui Trust Holdings

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2012

    Insider-trading fine involving a Chuo Mitsui fund manager

    A fund manager at Chuo Mitsui was fined after trading on information reportedly leaked from Nomura Securities concerning a 2010 Mizuho Financial Group share issuance. Chuo Mitsui was a predecessor of Sumitomo Mitsui Trust Holdings, making the episode part of the group's early compliance history. Sumitomo Mitsui Trust Bank was fined in connection with the case, which raised concerns about confidential-information controls and compliance practices in Japan's financial sector. A fund manager associated with the former Chuo Mitsui organization traded after receiving information leaked by Nomura Securities about a 2010 Mizuho Financial Group share issuance. Sumitomo Mitsui Trust Bank was fined in connection with the case, which raised concerns about confidential-information controls and compliance practices in Japan’s financial sector.

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