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
Aug. 28, 2019 Citigroup Global Markets Japan Inc. Accepting and executing orders of spoofing transactions in the 10-year JGB futures market committed by the affiliated company and inadequately overlooked such market frauds Fine of JPY 20 million- icon-pdf
Sep. 20, 2018 Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Acts aimed at inducing orders from other investors for the purpose of adjusting positions in 10-year JGB futures at advantageous prices. The acts consisted of conducting trading and placing orders on its proprietary account to mislead other investors into believing that trading was thriving, which would artificially move the prices of the JGB futures contracts favorably. Refer to Attachment(PDF)- icon-pdf
Jul. 19, 2017 Morgan Stanley MUFG Securities Co.,Ltd. Act of conducting a series of Sales and Purchase therefor that would cause fluctuations in prices of Listed Financial Instruments, etc. in a Financial Instruments Exchange Market for the purpose of inducing sales and purchase of Market Transactions Censure- icon-pdf
Sep. 25, 2015 Kabu.com Securities Co.,Ltd. The administration of the electronic data processing system pertaining to financial instruments business, etc. was deemed to be inadequate. Censure- icon-pdf
Points Considered in Deciding Disciplinary Actions