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.
Japan Financial Services Agency 2026-02-26
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.