The move follows a Securities and Exchange Surveillance Commission recommendation after inspections found problems at Capital Partners Securities Co., Ltd. and Capital Financial Advisors Co., Ltd.
Japan’s Kanto Local Finance Bureau imposed administrative action on Capital Partners Securities Co., Ltd. and one other company after the Securities and Exchange Surveillance Commission recommended penalties based on inspection findings. The post names Capital Financial Advisors Co., Ltd. as the other firm and says problems were identified in the inspections, prompting the regulator to act the same day. The notice is tagged with the Financial Services Agency, Japan’s main financial regulator.