SESC Latest Topics No.10«March 2015»
Last Updated : March 25, 2015
SESC Latest Topics No.10«March 2015» | Last Updated : March 25, 2015 |
What’s New on the SESC Website
(Month of March 2015)
This page contains the latest in events, developments, and updates to the SESC website.
Topics
“Financial Instruments Business Operators under on-site inspection by the SESC”Available in Japanese
Press Releases
(Following press release is available in English)
Market Misconduct
(Following press release is available in Japanese)
Financial Instruments Businesses etc.
March 20, 2015: |
Notification of Inspection Results to Japan Veritas Co., Ltd. «Summary» The SESC notified Japan Veritas Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person, of inspection results. Based on an inspection of the Company, the SESC identified that customer asset was used for dividends paid to customers and for other purposes, and the company provided customers investment reports containing false performance data. |
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March 20, 2015: |
«Summary» The SESC filed a petition with the Tokyo District Court against Japan Verita Co., Ltd. (“Verita”) and Gifter Japan Co., Ltd. (“Gifter”) to prohibit and suspend them from conducting the following activities. As a result of inspections by the SESC on Verita and Gifter, it was verified that Verita and its manager engaged in Type II financial instruments operations without statutory registration, and it was verified that Gifter and its manager provided false information to its customers for fund solicitation. |
March 6, 2015: |
Recommendation for an administrative action against Japan Industrial Promotion Fund Co., Ltd. «Summary» The SESC recommended the prime minister and the commissioner of the FSA to take an administrative action against Japan Industrial Promotion Fund Co., Ltd. (the Company), a Type II Financial Instruments Business Operator and a Specially Permitted Business Notifying Person. |
March 3, 2015: |
Notification of Inspection Results to Quest Capital Management Co., Ltd. «Summary» The SESC notified Quest Capital Management Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on an inspection of the Company, the SESC identified that it has engaged in Type II Financial Instruments Business without statutory registration, has unregistered operators solicit fund equities, has misappropriated funds, and has also delivered customers with investment reports containing false details. |
Market Misconduct
February 27, 2015: | «Summary» The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 7,390,000 yen against an offender who committed market manipulation in violation of the Financial Instruments and Exchange Act. |
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February 20, 2015: | «Summary» The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 710,000 yen against an employee of KAJI TECHNOLOGY CORPORATION. |