Civil Fines Under the Securities and Exchange Law Take Hold

6 Pages Posted: 25 May 2007

See all articles by Sadakazu Osaki

Sadakazu Osaki

Nomura Institute of Capital Markets Research

Abstract

A revision to Japan's Securities and Exchange Act in 2004 introduced a system of civil fines for breaking laws related to falsifying disclosure documents and unfair trading practices. Cases in which penalties were actually assessed began increasing in 2006.

Keywords: civil fines, disclosure

JEL Classification: K22

Suggested Citation

Osaki, Sadakazu, Civil Fines Under the Securities and Exchange Law Take Hold. Nomura Capital Market Review, Vol. 10, No. 1, 2008. Available at SSRN: https://ssrn.com/abstract=988856

Sadakazu Osaki (Contact Author)

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan

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