Civil Fines Under the Securities and Exchange Law Take Hold
6 Pages Posted: 25 May 2007
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: Suggested Citation