SESC Latest Topics No.68<August 2020>
Last Updated : August 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)
Financial Instruments Businesses etc.
April 14, 2020: | Recommendation for administrative disciplinary action against IGM Financial Group Inc. |
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False Disclosure Statement
February 4, 2020: | Recommendation for administrative monetary penalty payment order for J-LEASE CO., LTD. for making false statements in its disclosure documents. The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 44,210,000 yen against J-LEASE CO., LTD. (hereinafter, “the Company”). Through an inspection of the Company’s disclosure statements, the SESC confirmed that the Company disclosed false statements in its Annual Security Report by understating allowances for bad debts, which are associated with the Company’s rent guarantee business. |
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