TSE insider trading allegations deliver blow to investor trust

Employee actions 'embarrassment,' highlight gaps in information management

20241023N TSE insider trading

This is the first time that a TSE employee has been investigated for insider trading. (Photo by Mayumi Tsumita)

TAKAKO GAKUTO and SHIKO UEDA, Nikkei staff writer

TOKYO -- Revelations that a Tokyo Stock Exchange employee is being investigated for suspected insider trading, along with a similar probe into a man working at the Financial Services Agency, have Japanese officials on damage control to protect investor trust.

Japan Exchange Group (JPX), the TSE's holding company, confirmed Wednesday reports from the day before that an employee is under investigation by the Securities and Exchange Surveillance Commission.

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