Wednesday February 19 2014
News Source: Global Exchanges
Focus: Stock Exchange Corporate Governance
Type: General
Country: Japan
Link: http://www.fsa.go.jp/sesc/english/news/reco/20140218-1.htm
The Securities and Exchange Surveillance Commission (“SESC”), made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Select Vantage Inc. (“Select Vantage”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of the investigation into the market manipulation, whereby the following violations of laws and ordinances were identified.
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