SESC Latest Topics No.64＜January 2020＞
Last Updated : January 31, 2020
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)
Market Misconduct
| December 10, 2019: |
Recommendation for administrative monetary penalty payment order against an offender who committed insider trading related to shares of ASAHI INDUSTRIES CO., LTD. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 720,000 yen against an offender who received insider information from a person who also belongs to the juridical person and has received the information from an officer of a tender offeror of ASAHI INDUSTRIES CO., LTD. Based on an inspection, the SESC determined that the offender had committed insider trading by purchasing shares of ASAHI INDUSTRIES CO., LTD., using insider information, in violation of the Financial Instruments and Exchange Act. |
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| December 6, 2019: |
Recommendation for administrative monetary penalty payment order for insider trading of shares of NIHON HOUSE HOLDINGS CO., LTD., by two employees of NIHON HOUSE HOLDINGS CO., LTD. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty orders against offenders (1) and (2), who were employees of NIHON HOUSE HOLDINGS CO., LTD. Based on an inspection, the SESC determined that the offenders had committed insider trading by selling shares of NIHON HOUSE HOLDINGS CO., LTD., using insider information, in violation of the Financial Instruments and Exchange Act. 2,830,000 yen penalty against offender (1) 360,000 yen penalty against offender (2) |
| November 19, 2019: |
Recommendation for administrative monetary penalty payment order against two contract negotiators of C’sMEN CO., Ltd., and against two offenders who committed insider trading related to shares of C’sMEN CO., Ltd., using information provided from the two contract negotiators of C’sMEN CO., Ltd. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose administrative penalty orders of 920,000 yen against a contract negotiator of C’sMEN CO., Ltd., hereinafter referred to as “offender (1),” and of 1,850,000 yen against an offender who received the information from offender (1), hereinafter referred to as “offender (2),” and of 1,270,000 yen against a contract negotiator of C’sMEN CO., Ltd., hereinafter referred to as “offender (3),” and of 2,540,000 yen against an offender who received the information from offender (3), hereinafter referred to as “offender (4).” 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 C’sMEN CO., Ltd., using insider information, and that offender (3) had communicated insider information to offender (4), and that offender (4) had committed insider trading by purchasing shares of C’sMEN CO., Ltd., using insider information in violation of the Financial Instruments and Exchange Act. |
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