Tokyo Stock Exchange, Inc. (TSE) has imposed disciplinary action on livestar Securities Co., Ltd. (3 mil. yen fine) pursuant to the provisions of Rule 34, Paragraph 1, Item 8 of the Trading Participant Regulations.
TSE also requested the submission of a business improvement report pursuant to the provisions of Rule 19 of the Trading Participant Regulations. The business improvement report shall include the following:
- Conduct an overall review of system risk management and make fundamental improvements based on its results;
- Improve the basic understanding and raise the awareness of officers and employees with regard to system risk management; and
- Construct appropriate internal management systems and frameworks to prevent recurrence.
