SESC Latest Topics No.93<September 2023>

Last Updated : September 29, 2023

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)


False Disclosure Statement

August 4, 2023: 

Recommendation for an administrative monetary penalty payment order against a person for a violation in regard to making false statements in DDS CO. LTD’s disclosure new window


The Securities and Exchange Surveillance Commission (SESC) made a recommendation that the Prime Minister and the Commissioner of the Financial Services Agency impose an administrative monetary penalty order of 1,500,000 yen against the person. As a result of an inspection from a disclosure-regulation perspective, the SESC found that the person had committed a violation by helping DDS CO. LTD. make false statements in its disclosure documents through provision of overestimated underwriting price.

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