The Japan Financial Services Agency issued a decision ordering an overseas-resident individual investor to pay a surcharge for market manipulation involving an unlisted share of Daheiyo Metals Co., Ltd. The order follows a recommendation from the Securities and Exchange Surveillance Commission based on its inspection findings. The adjudication proceedings began on 19 January 2024 and were conducted by a three-judge panel, resulting in a surcharge order under Article 185-6 of the Financial Instruments and Exchange Act. The surcharge is JPY 2,810,000, payable to the national treasury by 27 April 2026.
2026-02-26Japan Financial Services Agency
Japan Financial Services Agency orders overseas individual investor to pay JPY 2.81 million surcharge for Daheiyo Metals market manipulation
The Japan Financial Services Agency has ordered an overseas-resident individual investor to pay a JPY 2,810,000 surcharge for market manipulation involving an unlisted share of Daheiyo Metals Co., Ltd. This decision follows a recommendation from the Securities and Exchange Surveillance Commission and was adjudicated by a three-judge panel under Article 185-6 of the Financial Instruments and Exchange Act.