SESC Latest Topics No.33«March 2017»
Last Updated : March 29, 2017
What’s New on the SESC Website
(Month of March 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.
March 29, 2017: | Recommendation for an administrative action against Fund Creation RM Co., Ltd. «Summary» The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against Fund Creation RM Co., Ltd. (“the Company”), an Investment Management Business Operator.Based on an inspection of the Company, the SESC identified that the Company had conducted inappropriate business operations in transactions with interested parties. |
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March 24, 2017: | Recommendation for an administrative action against MINNANO CREDIT, inc. «Summary» The SESC recommended that the prime minister and the commissioner of the FSA take an administrative action against MINNANO CREDIT, inc. (“the Company”), a Type II financial instruments business operator.Based on an inspection of the Company, the SESC identified that the Company had made misleading descriptions of important matters with regard to the solicitation of offers to acquire equity interests in silent partnership (Tokumei Kumiai) agreements, and that the situation of the Company’s business operations is a case where the administrative action is “necessary and appropriate in the public interest or for the protection of investors, with regard to a Financial Instruments Business Operation” as stipulated under Article 51 of the Financial Instruments Exchange Act. |
March 22, 2017: | Inspection results and recommendation for an administrative action against IN CONSULTING Co., Ltd. «Summary» Based on an inspection of IN CONSULTING Co., Ltd. (hereinafter “the Company”), a Specially Permitted Business Notifying Person, the director-general of the Kanto Local Finance Bureau identified that the Company had (i) failed to segregate funds’ assets from those of its own, (ii) misappropriated funds’ assets and (iii) had problems concerning investor protection in its business operations. |
March 22, 2017: | Notification of Inspection Results to MAVERICK Co., Ltd. «Summary» The director-general of the Kanto Local Finance Bureau announced the results of an inspection of MAVERICK Co., Ltd. (hereinafter “the Company”), a Specially Permitted Investment Management Business Operator. |
Market Misconduct
False Disclosure Statement