Japan’s parliament passed a bill that would ramp up penalties against insider trading, bringing its law closer to international standards following a string of financial scandals last year.
Under the revised rules, fines for insider trading will be raised significantly and those who leak nonpublic information or induce another person to trade on such information will also be subject to criminal penalties. In some cases, the names of the people who leak the information will be made public.
‘Enforcement 40’ for 2020
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