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Japan's FSA Declines to Order Penalty in Demae-can Insider Trading Case
Japan's Financial Services Agency said on the 9th that it will not impose a penalty in connection with the Securities and Exchange Surveillance Commission's recommendation for a surcharge order over insider trading in Demae-can shares. The agency judged that it was difficult to recognize that the individual had received information about a fact that would influence investment decisions. In January 2025, the SESC concluded that a former male employee who had worked at the South Korean subsidiary of LINE, now LINE Yahoo, bought Demae-can shares before the capital and business alliance between Demae-can and LINE was announced, and recommended that the FSA order a surcharge of 14.64 million yen.
2484.JP · Regulation · Neutral FSA decided not to order a surcharge in the insider trading case involving Demae-can shares ahead of its alliance with LINE.
4689.JP · Regulation · Neutral FSA declined to impose a penalty over insider trading tied to a former LINE subsidiary employee ahead of the Demae-can-LINE alliance.