SESC Latest Topics No.32«February 2017»
Last Updated : February 28, 2017
SESC Latest Topics No.32«February 2017» | Last Updated : February 28, 2017 |
What’s New on the SESC Website
(Month of February 2017)
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.
February 28, 2017: | Recommendation for an administrative action against Japan Asia Asset Management Co., Ltd. «Summary» The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against Japan Asia Asset Management Co., Ltd. (hereinafter “the Company”), an Investment Management Business Operator, an Investment Advisor/Agency and a Type II Financial Instruments Business Operator. Based on an inspection of the Company, the SESC identified that the Company had had problems concerning investor protection in its discretionary investment management business operations. |
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February 10, 2017: | «Summary» Based on an inspection of Wolk Huren Japan Co., Ltd. and Silver Stay LLC. (hereinafter “the Companies”), each being a Specially Permitted Business Notifying Person, the SESC identified that the Companies had (i) disguised investments from the Companies as those from qualified institutional investors, (ii) assisted other Specially Permitted Business Notifying Persons to operate their businesses that had problems concerning investor protection and (iii) engaged in investment advisory/agency business without statutory registration. The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against the Companies with respect to the findings described in (iii) above. |
February 10, 2017: | Inspection results and recommendation for an administrative action against INFOSHIP LLC. «Summary» Based on an inspection of INFOSHIP LLC. (hereinafter “the Company”), a Specially Permitted Business Notifying Person, the director-general of the Kanto Local Finance Bureau identified that the Company had (i) engaged in type II financial instruments business without statutory registration and (ii) had problems concerning investor protection in its business operations. The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against the Company with respect to the findings described in (ii) above. |
February 10, 2017: | Inspection results and recommendation for an administrative action against World Stage LLC. «Summary» Based on an inspection of World Stage LLC. (hereinafter “the Company”), a Specially Permitted Business Notifying Person, the director-general of the Kanto Local Finance Bureau identified that the Company had (i) engaged in type II financial instruments business without statutory registration, (ii) entrusted unregistered operators with solicitation for fund equities, (iii) had problems concerning investor protection in its business operations, and (iv) responded with false reporting to an order for the production of reports. The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against the Company with respect to the findings described in (iii) and (iv) above. |
Market Misconduct