Archives

Disciplinary Actions -2006-

Update : Apr. 04, 2007

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We require trading participants to comply with laws and regulations, and impose a penalty such as fine on trading participants that violated the laws and regulations.

Date Trading Participant Violation Disciplinary Action
March 29, 2006 J.P. Morgan Securities Asia Private Limited Series of futures transactions to create an artificial market without any reflection of the actual state of the market Fine of JPY 25 million
March 22, 2006 Mizuho Securities Co., Ltd. Insufficient degree of control of electronic information processing system, Violation of just and equitable principles of transactions Fine of JPY 10 million
March 10, 2006 Nihon Kyoei Securities Co., Ltd. Insufficient degree of control of order acceptance for prevention of the artificial market Censure
March 10, 2006 Rakuten Securities, Inc. Insufficient degree of control of electronic information processing system Censure
July 22, 2005 Maruhachi Securities Co., Ltd. Conclusion of a contract to manage a discretionary account  Fine of JPY 10 million
June 30, 2005 Meiwa Securities Co., Ltd Conclusion of a contract to manage a discretionary account Fine of JPY 5 million
April 8, 2005 Aizawa Securities Co., Ltd A series of transactions to create an artificial market without any reflection of the actual state of the market Fine of JPY 12 million
April 8, 2005 Aizawa Securities Co., Ltd Acceptance of a series of transactions to create an artificial market without any reflection of the actual state of the market Fine of JPY 10 million

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