The Japan Financial Services Agency issued a decision ordering FISCO Co., Ltd. to pay a surcharge to the national treasury following a recommendation from the Securities and Exchange Surveillance Commission based on inspection results relating to false statements in securities reports. The order sets the surcharge at JPY 15 million. The matter proceeded to trial proceedings that commenced on 12 December, Reiwa 7 after the respondent filed a complaint regarding the surcharge under the Financial Instruments and Exchange Act; following submissions on the relevant facts and the amount of the surcharge, an adjudication judge prepared a draft decision and the Financial Services Agency adopted it. Payment is due by 30 March, Reiwa 8.
Japan Financial Services Agency 2026-01-29
Japan Financial Services Agency orders FISCO to pay JPY 15 million surcharge over false statements in securities reports
The Japan Financial Services Agency ordered FISCO Co., Ltd. to pay a JPY 15 million surcharge to the national treasury for false statements in securities reports, following a Securities and Exchange Surveillance Commission recommendation. The decision, adopted after trial proceedings and a draft decision by an adjudication judge, requires payment by 30 March, Reiwa 8.