Disciplinary Actions

Disciplinary Actions -2004-

Update : Apr. 04, 2007

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
February 6, 2004	Mizuho Investors 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 10 million
December 25, 2003	Societe Generale Securities (North Pacific) Ltd.	A series of transactions to create an artificial market without any reflection of the actual state of the market	Fine of JPY 14 million
September 10, 2003	HSBC Securities (Japan) Limited	Solicitation with promise of special profit	Fine of JPY 2 million
July 25, 2003	Tokai Tokyo 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 10million
July 25, 2003	Retela Crea 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 10million
July 25, 2003	Credit Agricole Indosuez Securities (Japan) Limited	Solicitation with promise of special profit	Fine of JPY 2million