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SESC Latest Topics No.15«August 2015» Last Updated : August 19, 2015

What’s New on the SESC Website

(Month of August 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 Japanese)

Financial Instruments Businesses etc.

August 7, 2015:	Petition for court injunction against SRI BRAIN Co., Ltd. and its manager. «Summary» The SESC filed a petition with the Tokyo District Court for injunction against SRI BRAIN Co., Ltd. (“the Company”) and its manager to prohibit and suspend them from conducting the following activities. Based on the investigation of the Company, the SESC identified that it provided false information to its customers for fund solicitation.
August 7, 2015:	Notification of Inspection Results to JPM Co., Ltd. «Summary» The SESC announced the results of an inspection of JPM Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the SESC identified that it has engaged in the type II financial instruments business without statutory registration and has made false statements to customers in relation to the conclusion of financial instrument transaction contracts and their solicitation, and it has managed the fund and invested funds in an extremely sloppy manner.
August 7, 2015:	Notification of Inspection Results to Noah Asset Management Co., Ltd. «Summary» The SESC announced the results of an inspection of Noah Asset Management Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the SESC identified that it has engaged in the type II financial instruments business without statutory registration, and has collected necessary information about the performance of investments in an extremely sloppy manner and has misappropriated funds.
August 4, 2015:	Recommendation for administrative action against Future Stock Co., Ltd. «Summary» The SESC recommended that the Prime Minister and the Commissioner of the FSA take administrative action against Future Stock Co., Ltd. (“the Company”), an Investment Advisor/Agency. Based on an inspection of the Company, the SESC identified that it has provided substantial benefits to customers.
August 4, 2015:	Notification of Inspection Results to Unlimited. Co., LTD. «Summary» The SESC announced the results of an inspection of Unlimited. Co., LTD. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the SESC identified that it has engaged in type II financial instruments operations without statutory registration and has insufficiently managed invested funds.
August 4, 2015:	Notification of Inspection Results to J KORAIL Co., Ltd. «Summary» The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of J KORAIL Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has unregistered operators solicit fund equities, and has managed invested funds in a sloppy manner and paid them inappropriately.
August 4, 2015:	Notification of Inspection Results to e-asset. management. Co., Ltd. «Summary» The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of e-asset. management. Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has engaged in the type II financial instruments business and investment management business without statutory registration, and has not provided customers with important information.
August 4, 2015:	Notification of Inspection Results to Asset-Creation Co., Ltd. «Summary» The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of Asset-Creation Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has engaged in the type II financial instruments business and investment management business without statutory registration, and has not provided customers with important information.
August 4, 2015:	Notification of Inspection Results to AJ ASSET CREATION Co., Ltd. «Summary» The Director-General of the Kanto Local Finance Bureau announced the results of an inspection of AJ ASSET CREATION Co., Ltd. (“the Company”), a Specially Permitted Business Notifying Person. Based on the inspection of the Company, the Director-General of the Kanto Local Finance Bureau identified that it has not provided customers with important information.

Market Misconduct

August 4, 2015:	Recommendation to impose an administrative penalty order against an offender who committed market manipulation related to shares of C&G SYSTEMS INC. and other securities. «Summary» The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 3,825,000 yen against an offender who committed market manipulation for four days in violation of the Financial Instruments and Exchange Act. Based on an inspection, the SESC determined that the offender had committed market manipulation by purchasing a large amount of shares of C&G SYSTEMS INC. and other securities. Through these techniques, the offender intended to mislead the market of the Proprietary Trading System into believing that sales and purchases of the shares of C&G SYSTEMS INC. and other securities were thriving, and to cause fluctuations in market prices in his/her favor.
July 28, 2015:	Recommendation to impose an administrative penalty order against two offenders who received insider information from an officer of a negotiator with a tender offer and for committing insider trading related to shares of TOMEN ELECTRONICS CORPORATION. «Summary» The SESC recommended the Prime Minister and the Commissioner of the FSA to impose an administrative penalty order of 5,580,000 yen in total against two offenders who had received insider information from an officer of a negotiator with a tender offer and are in violation of the Financial Instruments and Exchange Act. The SESC determined, based on an inspection, that the offenders had committed insider trading by purchasing shares of TOMEN ELECTRONICS CORPORATION using the insider information.

August 4, 2015:

Recommendation to impose an administrative penalty order against an offender who committed market manipulation related to shares of C&G SYSTEMS INC. and other securities.

«Summary»

The SESC recommended the Prime Minister and the commissioner of the FSA to impose an administrative penalty order of 3,825,000 yen against an offender who committed market manipulation for four days in violation of the Financial Instruments and Exchange Act.

Based on an inspection, the SESC determined that the offender had committed market manipulation by purchasing a large amount of shares of C&G SYSTEMS INC. and other securities.

Through these techniques, the offender intended to mislead the market of the Proprietary Trading System into believing that sales and purchases of the shares of C&G SYSTEMS INC. and other securities were thriving, and to cause fluctuations in market prices in his/her favor.

July 28, 2015:

Recommendation to impose an administrative penalty order against two offenders who received insider information from an officer of a negotiator with a tender offer and for committing insider trading related to shares of TOMEN ELECTRONICS CORPORATION.

«Summary»

The SESC recommended the Prime Minister and the Commissioner of the FSA to impose an administrative penalty order of 5,580,000 yen in total against two offenders who had received insider information from an officer of a negotiator with a tender offer and are in violation of the Financial Instruments and Exchange Act.

The SESC determined, based on an inspection, that the offenders had committed insider trading by purchasing shares of TOMEN ELECTRONICS CORPORATION using the insider information.

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