Archives

Disciplinary Actions -2008-

Update : Aug. 11, 2009

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
January 25, 2008 Tachibana Securities Co.,Ltd. An act of accepting orders without providing documents that explain the company’s best execution policy Censure
December 26, 2007 Maruhachi Securities Co., Ltd. Conclusion of a contract to manage a discretionary account Fine of JPY 30 million
December 18, 2007 MIzuho Securities Co., Ltd. An act of obtaining undisclosed customer information from a parent bank and using the undisclosed information for solicitation purposes Censure
October 12, 2007 Toyo Securities Co., Ltd. Order acceptance without providing best execution policy Censure
October 12, 2007 Dojimakanto Securities Co., Ltd. Insufficient transaction-monitoring system to prevent customers from unfair trading Censure
August 10, 2007 Rakuten Securities, Inc. Insufficient degree of control of electronic information processing system Censure
August 10, 2007 Eiwa Securities Co., Ltd. An act of making purchase or sales transactions with the purpose of making the price fluctuate Fine of JPY 12 million
June 1, 2007 H.S. Securities Co., Ltd. Underwriting at an extremely low price Censure

Top of Page