Japan’s financial regulator is proposing imprisonment as part of stiffer penalties for people who leak information used for insider trading, according to a document obtained by Bloomberg.
Individuals who provide tips for insider traders to help them gain profits would face up to five years in prison and 5 million yen ($53,000) in fines, the document from the Financial Services Agency shows. Institutions would be subject to fines of as much as 500 million yen.
‘Enforcement 40’ for 2020
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