SESC Latest Topics No.12«May 2015» Last Updated : May 22, 2015

What’s New on the SESC Website

(Month of May 2015)

This page contains the latest in events, developments, and updates to the SESC website.

Topics

Press Releases

(Following press release is available in Japanese)

Financial Instruments Businesses etc.

May 22, 2015:

Petition for court injunction against Japan Verita Co., Ltd. and its manager, and Gifter Japan Co., Ltd. and its manager.open new window

«Summary»

In response to a petition filed on March 20, 2015, by the SESC with the Tokyo District Court for an injunction against Japan Verita Co., Ltd. and its manager to prohibit and suspend them from engaging in Type II financial instruments operations without statutory registration, and against Gifter Japan Co., Ltd. and its manager to prohibit and suspend them from providing false information to customers for fund solicitation, a court order was issued as per the content of the petition.

May 22, 2015:

Notification of Inspection Results to Sokupinmaru Holdingsopen new window

«Summary»

The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of Sokupinmaru Holdings (“the Company”), a Specially Permitted Business Notifying Person.

Based on an inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has made false statements to customers in relation to the conclusion of financial instrument transaction contracts and their solicitation, and engaged in a diversion of invested funds.

May 15, 2015:

Recommendation for an administrative action against Kabu.com Securities Co., Ltd.open new window

«Summary»

The SESC recommended that the Prime Minister and the Commissioner of the FSA take an administrative action against Kabu.com Securities Co., Ltd. (“the Company”), a Type I and II Financial Instruments Business Operator.

Based on an inspection of the Company, the SESC identified that its IT system was insufficient for management of financial instruments business.

May 15, 2015:

Notification of Inspection Results to Family Co., Ltd.open new window

«Summary»

The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of Family Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person.

Based on an inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has made false statements to customers in relation to the conclusion of financial instrument transaction contracts and their solicitation, and engaged in a diversion of invested funds.

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