TSE News

TSE Imposes Disciplinary Action against TAKAGI SECURITIES CO., LTD.

Update : Sep. 18, 2012

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[Tokyo Stock Exchange, Inc.]

Tokyo Stock Exchange, Inc. (TSE) has imposed disciplinary action on TAKAGI SECURITIES CO., LTD. (5 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. Inspecting internal control system conditions, such as information security management, and conducting necessary adjustments, as well as implementing measures necessary for ensuring effectiveness of such adjustments,
  2. Reviewing education/training methods from the perspective of improving professional ethics of officers/employees and enhancing awareness of information security management, and appropriate implementation of such led by the management,
  3. Adjusting the structure of internal management and internal audit units, and ensuring their appropriate functions, and
  4. Clarification of the locus of responsibility, as well as strengthening management supervision structures.

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.

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