| March 16, 2018: |
Recommendation to impose an administrative penalty order against an officer of Escrow Agent Japan, Inc. and against an offender who committed insider trading related to shares of Escrow Agent Japan, Inc. using the information provided from the officer of Escrow Agent Japan, Inc. «Summary» The SESC recommended that the Prime Minister and the Commissioner of the FSA impose administrative penalty orders of 590,000 yen against an officer of Escrow Agent Japan, Inc. (hereinafter referred to as “offender (1)”), and of 1,190,000 yen against an offender who received the information from offender (1) (hereinafter referred to as “offender (2)”).
Based on an inspection, the SESC determined that offender (1) had communicated the insider information to offender (2), and that offender (2) had committed insider trading by purchasing shares of Escrow Agent Japan, Inc. using insider information in violation of the Financial Instruments and Exchange Act. |
| March 16, 2018: |
Recommendation to impose an administrative penalty order against an officer of a subsidiary of MISAWA HOMES CO., LTD. for committing insider trading related to shares of MISAWA HOMES CO., LTD. «Summary» The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 200,000 yen against an officer of a subsidiary of MISAWA HOMES CO., LTD.
Based on an inspection, the SESC determined that the offender had committed insider trading by purchasing shares of MISAWA HOMES CO., LTD. using insider information in violation of the Financial Instruments and Exchange Act. |
| March 23, 2018: |
Recommendation to impose an administrative penalty order against an offender who committed market manipulation related to shares of Yurtec Corporation and one other type of securities. «Summary» The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 470,000 yen against an offender who committed market manipulation in violation of the Financial Instruments and Exchange Act.
Based on an inspection, the SESC determined that the offender had committed market manipulation through selling shares of Yurtec Corporation and one other type of securities at higher prices by opposing his/her own purchase and sale orders at higher prices on cancelling a large amount of sale orders at higher prices along with purchasing orders at lower prices after purchasing securities at lower prices by opposing his/her own purchase and sale orders at lower prices on a large amount of sale orders at higher prices for the purpose of inducing the sale and purchase of securities.
Through these techniques, the offender intended to mislead other persons into believing that the sale and purchase of the securities were thriving and to cause fluctuations in market prices in his/her favor. |
| March 30, 2018: |
Recommendation to impose an administrative penalty order against two advisors of Precision System Science Co., Ltd. for committing insider trading related to shares of Precision System Science Co., Ltd. «Summary» The SESC recommended that the Prime Minister and the Commissioner of the FSA impose administrative penalty orders of 370,000 yen against an advisor of Precision System Science Co., Ltd. (hereinafter referred to as “Offender (1)”), and of 300,000 yen against another advisor of Precision System Science Co., Ltd. (hereinafter referred to as “Offender (2)”).
Based on an inspection, the SESC determined that Offender (1) and Offender (2) had committed insider trading by purchasing shares of Precision System Science Co., Ltd. using insider information in violation of the Financial Instruments and Exchange Act. |
