SESC Latest Topics No.45«May 2018»

Last Updated : May 14, 2018

What’s New on the SESC Website

(Month of May 2018)

This page contains the latest in events, developments, and updates to the SESC website.

Press Releases

(Following press release is available in Japanese)

Market Misconduct

April 24, 2018:

Recommendation to impose an administrative penalty order against an offender who committed insider trading related to shares of erex Co., new window


The SESC recommended that the Prime Minister and the Commissioner of the FSA impose administrative penalty orders of 11,670,000 yen against an offender who received the information from an officer of erex Co., Ltd.
Based on an inspection, the SESC determined that the offender had committed insider trading by purchasing shares of erex Co., Ltd. using insider information in violation of the Financial Instruments and Exchange Act.


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