Broker Wrongly Reported $617 Billion in Orders, JSDA Says
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Trading screens across Tokyo showing $617 billion of over-the-counter stock transactions were the result of a reporting error by a broker, according to the Japan Securities Dealers Association.
A brokerage carried out a series of off-exchange trades yesterday, only to incorrectly report the size of the transactions to the JSDA, an official at the industry association said by phone today, asking not to be named in line with the body’s policies. The JSDA distributed the false reports to the wider market.