| September 2, 2022: |
Recommendation for administrative monetary penalty payment order against an employee of Kansai Mirai Financial Group, Inc. (hereinafter, “the Company”) who committed insider trading and recommended the purchase of shares of the Company, and against a person who committed insider trading related to shares of the Company, using information provided from the employee. <Summary>
The SESC recommended that the Prime Minister and the Commissioner of the FSA issue an administrative monetary penalty payment order to offender (1), who is an employee of Kansai Mirai Financial Group, Inc. (hereinafter, “the Company”), and to offender (2), who committed insider trading of shares of the Company using information provided from offender (1).
Based on an inspection, the SESC determined that offender (1) had committed insider trading by purchasing shares of the Company and had recommended insider information about the Company to offender (2), and that offender (2) had committed insider trading of shares of the Company using insider information provided from offender (1), in violation of the Financial Instruments and Exchange Act.
1,630,000 yen penalty against offender (1)
310,000 yen penalty against offender (2) |
| September 6, 2022: |
Recommendation for an administrative monetary penalty payment order against market manipulation relating to shares of Nippon Sheet Glass CO., Ltd and other securities. <Summary>
The SESC recommended that the Prime Minister and the Commissioner of the FSA issue an administrative monetary penalty payment order of 2,150,000 yen against an individual investor who committed market manipulation in violation of the Financial Instruments and Exchange Act.
Based on an inspection, the SESC determined that the individual investor had committed market manipulation for the purpose of inducing the sale and purchase of securities through (1) placing multiple purchase orders of shares of Nippon Sheet Glass CO., Ltd. and other securities (hereinafter “the Companies”) around the best bid quotation, and (2) pulling up the share prices of the Companies by placing buy orders at higher prices than the last commitment value.
Through these techniques, the individual investor intended to mislead other persons into believing that the sale and purchase of the securities were thriving, and to cause fluctuations in market prices in his/her favor. |
| September 9, 2022: |
Recommendation for an administrative monetary penalty payment order against an employee of TAISEI Co., Ltd. who recommended the purchase of shares of TAISEI Co., Ltd. <Summary>
The SESC recommended that the Prime Minister and the Commissioner of the FSA issue an administrative monetary penalty payment order of 210,000 yen against an employee of TAISEI Co., Ltd.
Based on an inspection, the SESC determined that the offender had committed the offense of recommending the purchase of shares of TAISEI Co., Ltd., to an acquaintance, in violation of the Financial Instruments and Exchange Act. |
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