Japan: Insider trading clampdown in works

The government launched an urgent study Wednesday to clamp down on insider stock trading, particularly when committed by major brokerages leaking information on new share issues.

Financial services minister Tadahiro Matsushita asked an advisory panel to discuss ways to punish people who leak confidential information. Under current law, there are no penalties against those who disclose such data.

via Japan: Insider trading clampdown in works | The Japan Times Online.