The Japan Financial Services Agency has announced the first hearing date for an insider trading adjudication case involving an overseas resident and information communicated by an employee concerning contract negotiations with Demaekan Co., Ltd. The agency started the proceedings on January 24, 2025 after receiving a recommendation from the Securities and Exchange Surveillance Commission to impose surcharges. The first hearing in fiscal year 2024 Judgment Case No. 27 is scheduled for June 17, 2026 at 13:00 at the Financial Services Agency Grand Bench in Tokyo. Trial proceedings are generally public, subject to seating limits, and press applications for interviews with the tribunal are being accepted until 15:00 on June 15, 2026.
Japan Financial Services Agency2026-06-08
Japan Financial Services Agency schedules first hearing in insider trading case involving overseas resident and Demaekan contract negotiation information
The Japan Financial Services Agency has scheduled the first hearing in an insider trading adjudication case involving an overseas resident and information communicated by an employee regarding contract negotiations with Demaekan Co., Ltd. The proceedings, initiated on January 24, 2025 following a surcharge recommendation from the Securities and Exchange Surveillance Commission, will begin on June 17, 2026 at the agency’s Grand Bench in Tokyo and will be generally open to the public.