Japan’s securities watchdog has proposed what would be the country’s biggest-ever penalty for insider trading or stock manipulation, as the government steps up its fight against illegal activity in the country’s equity market.
The Securities and Exchange Surveillance Commission announced Wednesday it was seeking a ¥431.18 million ($4.4 million) fine against Singapore-based Juggernaut Capital Management Pte. Ltd. for allegedly inflating the share price of RISE Inc., a Japanese real-estate company with a market capitalization of around ¥5 billion that’s listed on the Jasdaq market for startup companies….
‘Enforcement 40’ for 2020
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