SESC Latest Topics No.3 «July 2014» Last Updated : July 25, 2014

What’s New on the SESC Website

(Month of July 2014)

Topics

Press Releases

(Following press release is available in English)

(Following press release is available in Japanese)

Financial Instruments Businesses etc.

July 3, 2014:

Recommendation for an administrative action against G3 Co., Ltd.open new window

«Summary»

The SESC recommended the Prime Minister and the Commissioner of the FSA to take an administrative action against G3 Co., Ltd. ("the Company"), a Type II Financial Instruments Business Operator and an Investment Advisory and Agency Business Operator. Based on the inspection of the Company, the SESC determined that the Company had solicited shares of foreign collective investment schemes through a number of unregistered sales agents.

July 3, 2014:

Petition for a court injunction against Grant Co., Ltd., the CEO and related key figuresopen new window

«Summary»

The SESC filed a petition to the Osaka District Court for an injunction against Grant Co., Ltd. ("the Company") and the CEO and related key figures to prohibit and suspend its solicitation of shares of foreign collective investment schemes. Based on the investigation of the Company, the SESC identified the Company, the CEO and relevant key figures had solicited shares of foreign collective investment schemes without statutory registration.

June 23, 2014:

Court injunction against UAG Co., Ltd.open new window

«Summary»

In response to the petition filed by the SESC with the Osaka District Court for an injunction against UAG Co., Ltd., a Specially Permitted Business Notifying Person, to prohibit and suspend its solicitation of shares of collective investment schemes on June 6, 2014, a court order was issued as per the content of the petition.

 

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