The Financial Services Agency declined to order payment of an administrative monetary penalty in response to the recommendation concerning insider trading in Demae-can shares. It determined that it was difficult to conclude that the information communicated could have affected investment decisions.
The Financial Services Agency decided not to take action regarding the SESC’s recommendation concerning insider trading in Demae-can shares. The recommendation called for payment of an administrative monetary penalty, but the Financial Services Agency did not adopt it.
In January 2025, the SESC determined that a former employee had purchased Demae-can shares before the capital and business alliance between Demae-can and LINE was announced.
The decision stated that it was difficult to conclude that the individual had received information that could have affected investment decisions.