TSE News

TSE Imposes Disciplinary Action against livestar Securities Co., Ltd.

Update : Aug. 29, 2012

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[Tokyo Stock Exchange, Inc.]

Tokyo Stock Exchange, Inc. (TSE) has imposed disciplinary action on livestar Securities Co., Ltd. (3 mil. yen fine) pursuant to the provisions of Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.
TSE also requested the submission of a business improvement report pursuant to the provisions of Rule 19 of the Trading Participant Regulations. The business improvement report shall include the following:

  1. Conduct an overall review of system risk management and make fundamental improvements based on its results;
  2. Improve the basic understanding and raise the awareness of officers and employees with regard to system risk management; and
  3. Construct appropriate internal management systems and frameworks to prevent recurrence.

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc., Tokyo Stock Exchange Group, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

Contact

Tokyo Stock Exchange, Inc.
Market Participants Relations
Tel: +81-3-3666-0141 (Switchboard)

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