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Mizuho Securities Co., Ltd.

Headquarters in Ōtemachi, Chiyoda, Tokyo
Trade name	Mizuho Securities
Native name	みずほ証券株式会社
Romanized name	Mizuho Shōken Kabushiki-gaisha
Industry	Financial services
Headquarters	Ōtemachi, Tokyo, Japan
Services	Securities brokerage Investment banking Securities research
Number of employees	6,994 (March 2016)
Parent	Mizuho Financial Group
Website	mizuhogroup.com/securities

Mizuho Securities Co., Ltd. (みずほ証券株式会社, Mizuho Shōken Kabushiki-gaisha) is a Japanese investment banking and securities firm. It is a wholly owned subsidiary of Mizuho Financial Group.

History

The current Mizuho Securities is established by a merger between Shinko Securities and the former Mizuho Securities. The former Shinko Securities (a former equity-method affiliate of Mizuho Financial Group) and the former Mizuho Securities (a former consolidated subsidiary of Mizuho Financial Group) merged on 7 May 2009. The effective date of the merger was postponed a couple of times due to the financial crisis. The surviving entity was the former Shinko Securities, which changed its name to Mizuho Securities upon the merger. After the merger, Mizuho Financial Group holds 59.51% equity ownership of the new Mizuho Securities. In 2004, the Polaris Capital Group was divested, focusing on private equity investment. Mizuho Securities is involved in bond and stock trading, debt and equity financing, and advisory services for structured finance; its clients include financial institutions, public corporations, and institutional investors or firms. It also issues buy and sell ratings for publicly traded stocks. During the early 2000s, it was considered to be one of the "big four" firms that controlled a large portion of Japanese trading. In December 2005, an employee at Mizuho Securities placed an erroneous sell order of J-COM Co., Ltd. shares on the Tokyo Stock Exchange, resulting in a loss of approximately ¥40.7 billion.

Mizuho Securities then brought a case for its damages against the Tokyo Stock Exchange (TSE) as they could not cancel the order due to a fault in the TSE's computer system. The president of TSE resigned in 2005. Mizuho was awarded approximately ¥10.7 billion. Mizuho Securities operates several subsidiaries, including Mizuho Securities USA, where the CEO is Gerald Rizzieri.

References

1. "Form 6-K".
2. "Form 20-F Mizuho Financial Group, Inc". Financial Group, Inc. 2009-08-19. p. 42. Archived from the original on 2011-07-14. Retrieved 2010-04-14.
3. Kimura, Yuji (October 2013). Polaris Capitalism. ISBN 9781304483089.
4. O'Connor, A. (November 2005). Trade, Investment and Competition in International Banking. ISBN 9780230512375.
5. "salesforce.com (CRM) PT Raised to $110 at Mizuho Securities".
6. Park, Yung Chul; Patrick, Hugh (2013-11-26). How Finance is Shaping the Economies of China, Japan, and Korea. ISBN 9780231165266.
7. ^ Mizuho Securities v. Tokyo Stock Exchange (Tokyo District Court, 4 December 2009)
8. "News release re the first instance judgment rendered in the lawsuit for damages against the Tokyo Stock Exchange, Inc" (PDF). Mizuho Securities. 2009-12-04. p. 1. Retrieved 2010-04-16.
9. Mizuho Securities v. Tokyo Stock Exchange (Tokyo District Court, December 4, 2009)
10. "'Fat finger' trade costs Tokyo shares boss his job". The Independent. 2005-12-21. Archived from the original on 2022-05-15. Retrieved 2018-06-22.
11. "Mizu-Who? The Japanese Bank That Wants to be the New Face of Wall Street". Forbes.
12. "Mizuho Securities Promotes Gerald Rizzieri as its President and CEO | Finance Magnates". 9 March 2016.

External links

• Official website

• Financial services companies based in Tokyo
• Investment banks
• Mizuho Financial Group
• Primary dealers