Published 1 day ago • loading... • Updated 1 day ago
Insider Trading: A 6 Million Yen Profit Was Obtained by an Advisor Who Purchased Shares for 12.24 Million Yen Just Before a Tender Offer. The Revised Law Will Further Broaden the Scope of Those Who Can Be Prosecuted.
An external advisory firm, a client of a major overseas asset management company, had unfairly profited by purchasing shares of a target company based on information about a tender offer (TOB) that it had learned through its work. On September 11, the Securities and Exchange Surveillance Commission (SESC) announced that this violated the Financial Instruments and Exchange Act…
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.
An external advisory firm, a client of a major overseas asset management company, had unfairly profited by purchasing shares of a target company based on information about a tender offer (TOB) that it had learned through its work. On September 11, the Securities and Exchange Surveillance Commission (SESC) announced that this violated the Financial Instruments and Exchange Act…