Financial Services Agency

Year 2000Regulated by Government

The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.

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Warning Business adjustment

Matsui

Disclosure summary

Disclosure matching Supervision number matching
Disclosure time 2005-11-02
Reason for punishment Acts of making misleading representations of important matters related to the sale or purchase of securities or other transactions

Disclosure details

Regarding administrative action against Matsui Securities Co., Ltd.

November 2, 2005 Financial Services Agency Matsui Administrative actions against joint-stock companies 1. Matsui As a result of the inspection by the Securities and Exchange Surveillance Commission of the stock company, the fact of violation of laws and regulations was recognized as follows, and a recommendation was made for administrative action (October 26, 2005, open in a new window) . Acts of making misleading representations of important matters regarding the sale and purchase of securities and other transactions. When soliciting credit transactions (margin trading conducted according to the details agreed with the customer regarding the loan fee, credit term and interest rate), regarding the important matter of the credit term in general margin trading, in certain cases such as stock splits In spite of the fact that due dates may be set, company brochures misleadingly indicated that credit due dates were never set. The above acts by the Company are in accordance with Article 42, Paragraph 1, Item 10 of the Securities and Exchange Law Article 4, Item 1 of the Cabinet Office Ordinance Concerning Act Regulations, etc. of Securities Companies based on Item 9), “Acts of making misleading representations of important matters regarding the sale and purchase of securities and other transactions” recognized as falling under 2. Based on the above, the following administrative actions were taken against the company today. [Business Improvement Order] (1) Clarification of responsibility. (2) Enhancement and strengthening of the internal control system, including the advertising screening system. (3) Ensuring compliance awareness among executives and employees and conducting training. Regarding the above, please report the response status in writing by December 2, 2005.

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Annex

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Warning

2008-07-03

Administrative action against Nomura Securities Co., Ltd.