Former executive of advertising agency Asatsu-Dk probed over alleged insider trading
Financial authorities are investigating a former executive officer of advertising agency Asatsu-DK Inc. for alleged insider trading and have raided related locations, financial market sources said Friday. In October last year, U.S. investment fund Bain Capital announced a ¥150 billion ($1.3 billion) tender offer to ...
SEC freezes assets in SoftBank-Fortress insider-trading probe
The U.S. Securities and Exchange Commission said on Wednesday it froze the assets of certain traders in a suspected insider trading scheme involving more than $3.6 million in profits related to the takeover Fortress Investment Group by Japan's SoftBank Group Corp. SoftBank said after the ...
U.S. charges Chinese trio of hacking law firms, gaining M&A info for insider trading
Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and ...
New minister Yamamoto 'won't quit' over insider trading case
The new minister for regional revitalization has said he won't resign over reports that he tried to obstruct an investigation by the securities watchdog. Kozo Yamamoto, 68, who took the post a month ago, denied magazine reports that he exerted pressure on the Securities and ...
Confidant of hedge-fund billionaire Cohen found guilty of insider trading
A top lieutenant to billionaire Steven A. Cohen was convicted of insider trading Wednesday in a verdict that could strengthen the government's outstanding cases involving the storied hedge fund Cohen created two decades ago. After two days of deliberation, a federal jury in Manhattan found ...
FSA ends insider probe; Nomura targets tipsters
Nomura Holdings Inc. said employees who leaked insider information on client transactions three years ago will be punished as the regulator signals an end to a crackdown that roiled the nation's largest brokerage last year. Nomura will take "strict action" against the two employees who ...
METI vet fined ¥11 million for Elpida trades
The Tokyo District Court hands down a suspended prison sentence and an ¥11 million fine to a former trade ministry official for insider trading in the bailout of Elpida Memory Inc.
