SESC Latest Topics No.59＜July 2019＞

Last Updated : July 31, 2019

What’s New on the SESC Website

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

Press Releases

(Following press release is available in Japanese)

 

Financial Instruments Businesses etc.

June 26, 2019:

Petition for a court injunction against Kabushiki Kaisha D.U.corporation and its manager.open new window

<Summary>

Based on an investigation of Kabushiki Kaisha D.U.corporation (hereinafter, “the Company”), the SESC identified that the Company and its officer engaged in intermediation for Discretionary Investment Contract as on a regular basis without statutory registration. The SESC filed a petition with the Nagoya District Court for an injunction to prohibit and suspend them from conducting aforementioned activities.
June 21, 2019:

Recommendation for administrative disciplinary action against Tokaitoshijogenservice LLC.open new window

<Summary>

The SESC recommended that the Prime Minister and the Commissioner of the FSA take administrative disciplinary action against Tokaitoshijogenservice LLC. (hereinafter, “the Company”), an Investment Advisor/Agency.
 
This recommendation is based on the findings of an inspection of the Company, under which the Director-General of the Tokai Local Finance Bureau identified that the Company (i) had been lending its name to an unregistered business operator and (ii) had failed to secure a personnel structure sufficient to properly conduct its Investment Advisory/Agency Business.
June 18, 2019:

Recommendation for administrative disciplinary action against findedge Co., Ltd.open new window

<Summary>

The SESC recommended that the Prime Minister and the Commissioner of the FSA take administrative disciplinary action against findedge Co., Ltd. (hereinafter, “the Company”), a Qualified Institutional Investor Business Operator under the former Financial Instruments and Exchange Act.
 
This recommendation is based on the findings of an inspection of the Company, under which the Director-General of the Kinki Local Finance Bureau identified that the Company had (i) misappropriated investments in a fund for redemption proceeds paid to investors in other funds and for other improper purposes, and (ii) filed false reports in response to an order for the production of reports.

Market Misconduct

July 5, 2019: Recommendation to impose an administrative penalty order against an offender who committed insider trading related to shares of Sansei Technologies, Inc.open new window

＜Summary＞

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 2,570,000 yen against an offender who received insider information from an employee of a contractor of Sansei Technologies, Inc.

 Based on an inspection, the SESC determined that the offender had committed insider trading by purchasing shares of Sansei Technologies, Inc. using insider information in violation of the Financial Instruments and Exchange Act.
June 25, 2019: Recommendation to impose an administrative penalty order against an employee of Advanced Media, Inc., and against an offender who committed insider trading related to shares of Advanced Media, Inc., using the information provided from said employee of Advanced Media, Inc.open new window

＜Summary＞

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose administrative penalty orders of 340,000 yen against an employee of Advanced Media, Inc., hereinafter referred to as “offender (1),” and of 690,000 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 insider information to offender (2), and that offender (2) had committed insider trading by purchasing shares of Advanced Media, Inc., using insider information in violation of the Financial Instruments and Exchange Act.
 

Site Map

top of page