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Disciplinary Actions

OSE requires trading participants to comply with laws and regulations, and impose a penalty such as fine on trading participants that violated the laws and regulations.

DateTrading ParticipantViolation Disciplinary Action (reference) Regulatory ActionDetails
Mar. 15, 2024 SBI SECURITIES Co., Ltd. Accepting orders from customers to purchase listed financial instruments on the financial instruments exchange market while knowing that causing fluctuation of market prices of said listed financial instruments, etc., will result in artificial price formation out of line with actual market conditions. Censure- icon-pdf
Nov. 30, 2023 MIKI SECURITIES CO., LTD. (1) Solicitations in violation of the suitability principle, (2) Inadequate system to comply with the suitability principle Censure- icon-pdf
Sep. 28, 2023 Chibagin Securities Co.,Ltd. (1) Solicitations in violation of the suitability principle were continuously conducted for a long time, (2) Insufficient system to comply with the suitability principle Censure- icon-pdf
Dec. 20, 2022 SMBC Nikko Securities Inc. (1) Conduct of making illegal purchases, etc. for the purpose of stabilizing market prices of listed shares, (2) Deficiency in the control environment for transaction screening, (3) Deficiency in the control environment for business operations relating to block offers, (4) Inappropriate operations of business in cooperation with a bank Censure- icon-pdf
Sep. 28, 2022 Okayasu Shoji Co.,Ltd. Calculation of capital adequacy ratios not reflecting the actual status Suspension of derivatives trading and Fine of JPY 50 millionSuspension of financial instruments business (20 business days) icon-pdf
Points Considered in Deciding Disciplinary Actions