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Sumitomo Mitsui Holdings ( (JP:8309) ) has provided an announcement.
Sumitomo Mitsui Trust Group announced that a former employee of its subsidiary, Sumitomo Mitsui Trust Bank, has been accused of insider trading by the Securities and Exchange Surveillance Commission. The company has taken disciplinary actions and is cooperating with the investigation. To prevent future incidents, the company has established an Investigation Committee and is implementing measures such as revising internal guidelines, enhancing monitoring of transactions, and improving employee education. These efforts aim to restore trust among clients, shareholders, and stakeholders.
More about Sumitomo Mitsui Holdings
Sumitomo Mitsui Trust Group, Inc. operates in the financial services industry, primarily through its subsidiary, Sumitomo Mitsui Trust Bank, Limited. The company focuses on providing trust banking services and is listed on the Tokyo and Nagoya Stock Exchanges.
YTD Price Performance: 3.23%
Average Trading Volume: 1,933
Technical Sentiment Signal: Strong Sell
Current Market Cap: $19.46B
For a thorough assessment of 8309 stock, go to TipRanks’ Stock Analysis page.