Archives

Disciplinary Actions -2007-

Update : Apr. 04, 2007

print

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 9, 2007 Mitsubishi UFJ Securities Co., Ltd. Proprietary trading based on corporate related information Censure
January 19, 2007 Daiwa Securities Co. Ltd. Acceptance of an order while knowing it could potentially be an insider trade Inadequate trading monitoring for prevention of unfair trading regarding cooperate related information Acceptance of orders without adequate confirmation of client’s identification Censure
December 21, 2006 JP Morgan Securities Japan Co., Ltd. Fine of JPY 5 million Violation of just and equitable principles of transactions
December 1, 2006 Japan Asia Securities Co., Ltd. Conclusion of a contract to manage a discretionary account Censure
December 1, 2006 Maruhachi Securities Co., Ltd. Conclusion of a contract to manage a discretionary account Fine of JPY 10 million
October 20, 2006 Calyon Capital Markets Asia B.V. Violation of short sell Fine of JPY 10 million
October 20, 2006 Tachibana Securities Co., Ltd. Violation of just and equitable principles of transactions Fine of JPY 5 million
June 30, 2006 H.S. Securities Co., Ltd. Insufficient degree of control of order acceptance for prevention of artificial market Censure

Top of Page