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Japan: METI bigwig nabbed in insider trading via wife’s name
Alleged insider trading is connected to a 2009 state-led bailout for chip-maker Elpida Memory Inc.
Olympus Accounting Facing Formal Probe From U.K. Prosecutors
SFO opens formal probe into accounting irregularities at Olympus Corp., will work with DOJ and Japanese authorities.
What Will Be the Legal Fallout for Olympus Corp.?
In Japan, the legal process surrounding financial fraud works differently.
Japan: SMBC Nikko faces insider trading probe
SESC probing possible links between Nikko executive and alleged insider trading in the shares of Enoteca.
Japan: Three Arrested in Insider Trading Scheme
Takes Group Ltd. executives and a majority shareholder arrested for insider trading.
Japan: Prosecutors Arrest Former Chairman of J. Bridge Corp. for Insider Trading
In Japan, prosecutors arrested Hidetaka Noda, the former chairman of investment firm J. Bridge Corp., today for alleged insider trading. The Japan Times reports that in May 2006, Noda allegedly sold 70,000 shares in J. Bridge Corp. while knowing that the publicly-traded company would revise its profit forecast downward. Noda thus avoided a ¥20 million [...]
Japan: Fund Manager Convicted of Insider Trading, but Prison Sentence Suspended
The Tokyo High Court convicted Yoshiaki Murakami (pictured), a well known Japanese fund manager, of insider trading last week, but overturned a lower court ruling that would have sent him to prison. Judge Hiroshi Kadono imposed a 3 million yen ($33,400) fine and additional penalties of 1.15 billion yen ($12.82 million) on Murakami, the former [...]
Japan: FSA Fines Former Goldman Sachs Japan Co. Employee Y230,000 for Insider Trading
Japan’s Financial Services Agency has reportedly accepted the recommendation of the country’s Securities and Exchange Surveillance Commission to fine a former employee of Goldman Sachs Japan Co. Y230,000 for insider trading. On December 12, SESC made the recommendation which relates to a tender offer for REX Holdings Inc. in 2006. The SESC said the employee [...]
Japan: Former Nomura Securities Employee and Friend Plead Guilty to Insider Trading
Li Yu, a former employee of Nomura Securities Co., and his friend Su Chunguang, both Chinese nationals, pleaded guilty at the Tokyo District Court on Tuesday to charges of insider stock trading. The Japan Times reports that Li and Su were charged with violating the Financial Instruments and Exchange Law, which prohibits trading in stocks [...]