On the 1st, the Tokyo Stock Exchange imposed a negligence penalty of 50 million yen on two companies, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities, for sharing non-public information of client companies within the group without permission. It was announced that. The Osaka Exchange, which like the TSE is a member of the Japan Exchange Group (JPX), also reprimanded two companies.

The breakdown of the fine was 40 million yen for Mitsubishi UFJ Morgan Stanley Securities and 10 million yen for Morgan Stanley MUFG Securities. The two companies commented, “We take this seriously and will work to restore trust.”

In June, the Financial Services Agency found that two securities companies and Bank of Mitsubishi UFJ had violated the “firewall regulations” stipulated by the Financial Instruments and Exchange Act, and issued business improvement orders. In September, the Japan Securities Dealers Association fined the three companies a total of 500 million yen.