jpmorgan targeted in japan insider trading
Last Updated : GMT 02:11:59
Arab Today, arab today
Arab Today, arab today

JPMorgan targeted in Japan insider trading

Arab Today, arab today

Arab Today, arab today JPMorgan targeted in Japan insider trading

Tokyo - AFP

Japanese regulators are probing JPMorgan for its alleged role in a high-profile insider trading case, Dow Jones Newswires reported Wednesday, the latest bad news for the embattled US investment bank. The Securities and Exchange Surveillance Commission (SESC) recommended Tuesday that an asset manager be fined for short-selling Nippon Sheet Glass shares after illegally obtaining information ahead of a stock sale JPMorgan was underwriting. A sales executive for the US bank -- which is already reeling from a shock $2.0 billion loss on derivatives trading -- was the source of the leak, Dow Jones said, citing an unnamed source. The 2010 case is among several at the centre of a wide-ranging investigation by Japan\'s securities watchdog into insider trading. The SESC did not name the alleged source, but JPMorgan was the lead underwriter and one of just two taking part, according to Dow Jones, with the other, Daiwa Securities, already saying it was not involved in the inquiry. In a carefully worded statement, JPMorgan Securities Japan confirmed on Wednesday it was in talks with regulators, but added the firm \"has not received any indication from authorities that suggests JPMorgan\'s involvement either by the company as a whole, or by any department as a whole\". The statement, which made no reference to the possible involvement of an individual, added: \"We take this matter extremely seriously and will continue to take measures to enhance our internal control. \"We are cooperating fully with the authorities on this matter.\" The SESC declined to comment when asked if it was investigating the US bank over the insider trading allegations, saying the relevant spokesperson was unavailable. It recommended a fine of only 130,000 yen ($1,600) against the fund manager involved, Asuka Asset Management, even though the firm was alleged to have made more than 60 million yen. Token punishment levels are common in Japanese insider trading cases. On Tuesday, the SESC asked financial regulators to fine Sumitomo Mitsui Trust Bank about 80,000 yen over a separate alleged insider trading case connected to a share offering by Mizuho Financial Group. In March, the agency also recommended that Chuo Mitsui, now part of Sumitomo Mitsui Trust Bank, be fined 50,000 yen for insider trading of shares in energy firm Inpex Corp. Japan\'s biggest brokerage Nomura Holdings was an underwriter in both those cases, and has confirmed it is under investigation. \"We\'ll deal with this matter strictly based on the findings of the Commission\'s inspection and recommendations of a group of outside attorneys,\" Dow Jones quoted the brokerage as saying.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jpmorgan targeted in japan insider trading jpmorgan targeted in japan insider trading

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jpmorgan targeted in japan insider trading jpmorgan targeted in japan insider trading

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday