A barrage of recent insider trading scandals revealing a “near endemic problem” has finally forced Japan to strengthen its insider trading laws. The Financial Times reports that Japans Financial Services Agency has promulgated new rules that are expected to become effective by the end of next year. An FSA representative stated that the new rules are intended to be “in line with those in the west,” and will include substantially increased fines, expanded criminal liability, and public proceedings against those who leak insider information.
‘Enforcement 40’ for 2020
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