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BREAKING NEWS

Mizuho Sues TSE

Japanese brokerage Mizuho Securities is suing the Tokyo Stock Exchange (TSE), seeking $352 million in compensation for its losses after it could not undo a fat-finger error in December 2005. On Dec. 8 last year, a trader at Mizuho Securities mistakenly submitted a sell order for 610,000 shares in J-Com, a local recruitment firm, at ¥1 ($0.009) apiece. The trader had intended to sell a single share for ¥610,000 ($5,230). On realizing the error, the trader attempted to stop the

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