SESC Latest Topics No.13«June 2015»
Last Updated : June 30, 2015
|SESC Latest Topics No.13«June 2015»||Last Updated : June 30, 2015|
What’s New on the SESC Website
(Month of June 2015)
This page contains the latest in events, developments, and updates to the SESC website.
“Financial Instruments Business Operators under on-site inspection by the SESC”Available in Japanese
(Following press release is available in Japanese)
Financial Instruments Businesses etc.
|June 15, 2015:||
The SESC filed charges against the suspected company and two suspects with the Tokyo District Public Prosecutor’s Office for violations of the Financial Instruments and Exchange Act. The suspected company, Ishiyama Gateway Holdings Inc., listed its shares on JASDAQ of Tokyo Stock Exchange, Inc. Suspect A was the representative director, and Suspect B was a managing director along with the representative director of the consolidated subsidiary of the suspected company.
On November 1, 2013, for the purpose of raising the price of shares of the suspected company and selling their holding shares of it in order to make a profit, through the timely disclosure system of the Tokyo Stock Exchange Inc., Suspects A and B in conspiracy announced that the suspected company revised up its consolidated financial forecast of the fiscal year ended June 30, 2014, etc., based on expecting additional sales of about 900,000,000 yen in the second quarter ended December 31, 2013, and about 1,550,000,000 yen in the fiscal year ended June 30, 2014, through its additional sales and installations of biodiesel generators. However, the suspected company and its consolidated company did not actually sell and install the biodiesel generators for client companies in Japan, and in fact the increase of sales and income of the suspected company was not expected. Fraudulent means were thus used in order to trade the shares, and in an attempt to cause fluctuations in the prices of the shares.
|June 2, 2015:||
The SESC filed charges against the suspect with the Chiba District Public Prosecutors
Office for violation of the Financial Instruments and Exchange Act.
The suspect received material information from a member of the company that concluded the total underwriting agreement, which determines the conditions for the exercise of the equity warrants with The Earth CO., whose shares are listed on the Mothers Section of Tokyo Stock Exchange, Inc. The suspect was aware of the fact that the organ responsible for making decisions on the execution of the operations of The Earth CO. had decided to offer the allocation of new shares to Don Quijote Holdings Co., Ltd. or its subsidiary.
During the period from January 28, 2013, to March 1, 2013, prior to the announcement of the material information, despite the absence of any legal exception, the suspect purchased a total of 31,110 The Earth CO. shares for a total of 74,181,482 yen under multiple names, including the suspect's own name, through multiple securities companies.
|May 29, 2015:||
Recommendation to impose an administrative penalty order against an offender who received insider information from an officer of FISCO Ltd. for committing insider trading related to shares of FISCO Ltd. and NCXX Inc.
The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 2,250,000 yen against an offender who received insider information from an officer of FISCO Ltd.
|May 29, 2015:||
Recommendation to impose an administrative penalty order against an offender who received insider information from an officer of ENERES Co., Ltd. for committing insider trading related to shares of ENERES Co., Ltd.
The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 2,570,000 yen against an offender who received insider information from an officer of ENERES Co., Ltd.
False Disclosure Statement
- Press Releases &PublicationsPage list Open
- Financial Instruments Businesses etc
- Market Misconduct
- False Disclosure Statement
- International relations
- Brochure (PDF)
- Annual Report
- About the SESCPage list Open
- SESC’s Policy Statement for the 9th Term
- Overview and Organization
- Meet the Commissioners