Insider trading cases by NHK staff

Insider trading case by NHK staff (Insider Takeshi Kinken by NIKKEI Shoin) is a case where (NHK) staff members browsed news manuscripts before broadcasting and traded shares of the target company based on that.

table of contents

Overview

On March 8, 2007, we decided to partner with capital and business, we broadcast at 3 pm the same time as both companies announce. It became clear that NHK officials who learned this broadcast script from the terminals of the original system before broadcasting were conducting illegal transactions of Kappa Create shares.

According to NHK, the 33-year-old media department reporters television news department, 30-year old broadcast reporter, 40-year-old director of the broadcasting department.

In the internal survey by NHK, two of the three people returned from their offices to their homes despite working hours, and they ordered buying orders for Kappa Create stocks from personal computers. The remaining one was purchasing through mobile phone site during work.

The interrogator said, "There was about 400,000 yen profit per turn," the official said. According to the explanation of the director in charge, I did not notice until the inspectorate of the Securities and Exchange Surveillance Committee on Monday morning at the press conference later on, but the Ministry of Economy had banned within the Ministry of Economy, but until the other departments We did not address the countermeasure and acknowledged that the code of ethics was ambiguous.

Approximately 5,000 people were surveyed, and NHK announced its cooperation with the Internal Investigation Committee to clarify investigation into the Securities and Exchange Surveillance Commission. The minister who is a regulatory agency said that he should thoroughly investigate and showed discomfort to the fact that he did not learn from past scandals.

A story

In the subsequent survey by the Securities and Exchange Surveillance Committee, the trade of three people is about 30% of the market transaction on the day, and the influence given to the market is considered as a large and malicious act and a policy of thorough pursuit. 60 - According to it, the FSA is planning to issue a surcharge payment order.

In the meantime, until the report of the Third Party Committee by the third party committee, NHK decided to dispose of the officials for disciplinary absence, but since the disposition of payment of the penalty fee by the Financial Services Agency has come down, we dispose of all the staff at an earlier stage. At that time the chairman resigned as a resignation on January 24, 2008 which will expire the term of office.

Document system

The manuscripts of NHK news are managed by the in-house system, but at that time, when news manuscripts were turned into editing work, anyone related to the press had been in a condition to be seen by anyone. In this case, the in-house release time was 2:38 pm, stock trading was done in 22 minutes up to 3 p.m. of the stock trading end time.

Source

1. *"Companies to be interviewed, warn the NHK side in advance", January 18, 2008. 2. NHK Public Relations Bureau "The Japan Broadcasting Corporation, January 17, 2008. 3. *"NHK Corp. Fraud Trading Kappa Stock Trading, Accounting for One-Third by 3 People", January 20, 2008. 4. (Nikkan Sports, January 18, 2008)

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Post Date : 2018-01-25 23:00

This article is taken from the Japanese Wikipedia Insider trading cases by NHK staff

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