SESC Latest Topics No.36«June 2017»
Last Updated : June 28, 2017
What’s New on the SESC Website
(Month of June 2017)
This page contains the latest in events, developments, and updates to the SESC website.
Press Releases
(Following press release is available in Japanese)
Financial Instruments Businesses etc.
June 16, 2017: | Inspection results and recommendation for an administrative action against RISE Co., Ltd. «Summary» Based on an inspection of RISE Co., Ltd. (hereinafter “the Company”), a Specially Permitted Business Notifying Person, the director-general of the Tokai Local Finance Bureau identified that the Company had (1) engaged in type II financial instruments business without statutory registration, (2) entrusted unregistered operators with solicitation, and (3) had serious problems concerning investor protection in its business operations: The company had (i) solicited customers by false explanation; (ii) failed to provide customers with a fact that could significantly influence investment decisions; (iii) misappropriated funds for other than investment purposes; and (iv) managed funds in a sloppy manner. |
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June 6, 2017: | Recommendation for an administrative action against FIP-Partners Co., Ltd. «Summary» The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against FIP-Partners Co., Ltd. (hereinafter “the Company”), a Type II Financial Instruments Business Operator. |
June 2, 2017: | Recommendation for an administrative action against Crowd Securities Japan, Inc. «Summary» The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against Crowd Securities Japan, Inc. (hereinafter “the Company”), a Type I and II Financial Instruments Business Operator. |
Market Misconduct