- Takatsu and Shinjuku branch's commissioned business of stocks from April 7 to April 10, 2003.
- Chichibu branch's commissioned business of stocks from April 7 to April 8, 2003.
- Above suspension excludes operations that may significantly harm customers' benefit such as closing margin transactions and the Kanto Local Finance Bureau admits.
Conclusion of a contract to manage a discretionary account 14 staff of Marusan Securities concluded contracts with clients to manage discretionary accounts, which enabled them to decide whether to purchase or sell, issues, volume and price without obtaining individual consent from the clients. And they executed many stock transactions based on these contracts.
The conduct above was found to be Marusan Securities' violation of the Article 42 (1) (v) of the Securities Exchange Law.
The Kanto Local Finance Bureau ordered Marusan Securities to suspend the above mentioned securities business.
