Tag: Japan

Japan: Former Nomura Securities Employee and Friend Plead Guilty to Insider Trading

Li Yu, a former employee of Nomura Securities Co., and his friend Su Chunguang, both Chinese nationals,  pleaded guilty at the Tokyo District Court on Tuesday to charges of insider stock trading.  The Japan Times reports that Li and Su were charged with violating the Financial Instruments and Exchange Law, which prohibits trading in stocks based on insider information.  Although…

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Japan: SESC Planning Rare Insider Trading Case Against Former Eneserve Executive

Japan’s Securities and Exchange Surveillance Commission has questioned a former executive of power producer Eneserve Corp. and searched his home in connection with suspected insider trading, according to the Japan Times.  The regulator is reportedly planning to file a complaint against the former director for possible insider trading in Eneserve securities that resulted in a ¥10 million profit (approximately US$100,000). …

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