Tang See Kit reports:
Japan’s securities-market watchdog said on Tuesday (Dec 8) it has asked the Financial Services Agency (FSA) to penalise Deutsche Bank’s brokerage unit in Tokyo for the improper sharing of information about a company’s earnings with its clients.
The Securities and Exchange Surveillance Commission (SESC) recommended that the FSA take “administrative action” against Deutsche Securities, without specifying the type of penalty it is seeking.
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