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 loss, prosecutors claim, when the firm’s share price dived to ¥650 from ¥910 following the announcement of the downward revision.
‘Enforcement 40’ for 2020
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