Tokyo Stock Exchange Imposes Disciplinary Action Against Bansei Securities Co.,Ltd.

The Tokyo Stock Exchange (hereinafter "TSE") has imposed disciplinary action (Censure) against Bansei Securities Co.,Ltd. (hereinafter the "Company") pursuant to Rule 34, Paragraph 1 of the Trading Participant Regulations.
Additionally, TSE has requested the Company to submit a business improvement report pursuant to the provisions of Rule 19, Paragraph 1 of the Trading Participant Regulations.
The business improvement report shall include:

1. Respond to customers that had incurred losses due to this case in good faith after confirming their intentions;
2. Investigate the cause of this case, including problems in the business management and internal management systems, and clarify the responsibilities of the management;
3. Conduct a fundamental review of the business management system, formulate measures to prevent recurrence, including strengthening the business management and internal management systems, and properly implement such measures;
4. Verify whether similar cases exist (including the existence of funds whose management involves a board member, executive officer, employee, etc. of the company, and the appropriateness of such management).
   
   

• Disciplinary Actions
• Determining Disciplinary Actions