SESC Latest Topics No.49＜September 2018＞

Recommendation to impose an administrative penalty order against an offender who committed insider trading related to shares of NIPPON KINZOKU co., ltd.

<Summary>

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 2,520,000 yen against an offender who received insider information from an officer of NIPPON KINZOKU co., ltd.

Based on an inspection, the SESC determined that the offender had committed insider trading by purchasing shares of NIPPON KINZOKU co., ltd. using insider information in violation of the Financial Instruments and Exchange Act.

Recommendation to impose an administrative penalty order against an employee of Pocketcard Co., Ltd. who recommended the purchase of shares of Pocketcard Co., Ltd.

<Summary>

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 1,940,000 yen against an employee of Pocketcard Co., Ltd.

Based on an inspection, the SESC determined that the offender had committed the offense of recommending the purchase of shares of Pocketcard Co., Ltd. to an acquaintance in violation of the Financial Instruments and Exchange Act.

Recommendation to impose an administrative penalty order against GOYO INTEX Co., LTD. for making false statements in its disclosure documents

<Summary>

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 6,000,000 yen against GOYO INTEX Co., LTD. ("the Company"). Through an inspection of the Company’s disclosure statements, the SESC determined that the Company has made false statements in its ongoing disclosure documents, based on the fact that, through fictitious operations related to products in the photovoltaic sector and tablet terminals, the Company excessively stated its sales in the said disclosure documents.