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:
- Respond to customers that had incurred losses due to this case in good faith after confirming their intentions;
- Investigate the cause of this case, including problems in the business management and internal management systems, and clarify the responsibilities of the management;
- 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;
- 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).
