SESC Raids Mizuho Securities on Insider Trading Allegations
On the 16th, the Securities and Exchange Surveillance Commission (SESC) launched a forced investigation into Mizuho Securities' headquarters and related parties on suspicion of violating the Financial Instruments and Exchange Act (insider trading). A male employee of the company is suspected of engaging in stock trading using undisclosed material information. According to reported information and mentions on social media, the employee in question belongs to the investment banking division, and there are allegations that information related to a Tender Offer Bid (TOB) was used for illicit trading. Specifically, attention is focused on the tender offer by Bain Capital for INFORICH (9338), given that Mizuho Securities is serving as the tender offer agent. Reports also indicate that Mizuho Securities has acknowledged its involvement in this matter and appears to be fully cooperating with the SESC's investigation. In response to this news, numerous critical voices have emerged on so...