03 Aug 2023

SMBC Issues Statement Regarding Media Coverage of Regulatory Action

New York – August 3, 2023 – It was reported today in the Tokyo press that SMBC Nikko Securities, Inc. would be receiving a fine from the U.S. Securities and Exchange Commission ("SEC") in connection with an investigation regarding off-channel communications. We wish to correct the record. SMBC Nikko Securities America, Inc. has reached an agreement in principle with SEC staff to resolve an investigation of its practices relating to recordkeeping of business communications on messaging applications. The settlement is subject to approval by the SEC.

Contact
Drew Benson
drew.benson@smbcgroup.com