Arab Today, arab today tokyo exchange to inspect brokerage firms
Last Updated : GMT 02:09:37
Arab Today, arab today
Arab Today, arab today

Tokyo Exchange to inspect brokerage firms

Arab Today, arab today

Arab Today, arab today Tokyo Exchange to inspect brokerage firms

Tokyo - Arabstoday

The Tokyo Stock Exchange will inspect about 30 Japanese and foreign brokerages to determine how they guard market-sensitive information amid a jump in insider trading cases, a senior TSE official said. The bourse plans to examine the handling of private client data by bankers and sales staff at securities firms from around October, said the official. Japan\'s securities watchdog is aiming to restore market confidence after finding that employees at brokerages including Nomura Holdings Inc. leaked insider information on public stock offerings they managed. The TSE official declined to name which firms the exchange will review. \"The Tokyo Stock Exchange will collaborate with Japanese regulators to deter insider trading,\" Naoya Takahashi, a Tokyo- based spokesman at the exchange, said without elaborating. The TSE has 95 member brokerages. The on-site examination of larger firms will take about 15 business days using 15 inspectors, the official said, declining to name the companies. The bourse plans to increase staff at its inspection department, the person said. Maximum fines The TSE can fine its members as much as 500 million yen ($6.2 million) and suspend or terminate trading operations if they are found to have breached insider-trading rules. Through the three years ended March 31, the exchange has found 16 instances of information mismanagement at brokerages, according to materials presented by the TSE to lawmakers discussing insider trading issues in Tokyo on June 22. Japan\'s Securities and Exchange Surveillance Commission and Yokohama city prosecutors said yesterday they are investigating Hiroyoshi Yoshioka, a former SMBC Nikko Securities Inc. executive, and three other people for suspected insider trading. SMBC Nikko is a brokerage arm of Sumitomo Mitsui Financial Group Inc., Japan\'s second-biggest bank by market value. Nomura said earlier this month employees leaked non-public information that was used for insider trading in 2010, acknowledging for the first time the firm\'s role in cases surrounding share sales made by Mizuho Financial Group Inc, Inpex Corp and Tokyo Electric Power Co. The SESC last month also found that an employee of JPMorgan Chase & Co. gave information on a 2010 offering by Nippon Sheet Glass Co., according to two people with knowledge of the matter. New York-based JPMorgan said on May 29 that it\'s \"cooperating fully\" with the authorities on the matter. From gulfnews

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*

Arab Today, arab today tokyo exchange to inspect brokerage firms Arab Today, arab today tokyo exchange to inspect brokerage firms

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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