The Securities and Exchange Surveillance Commission filed a complaint with the Tokyo District Court about a representative of a FX trading company that had collected more than 8.5 billion yen from approximately 2,000 investors without registration. filed an injunction.
According to the Surveillance Committee, more than 4 billion yen was transferred to the account of the representative individual.
According to the Securities and Exchange Surveillance Commission, representative Hiroshi Yamamoto of "Mt.light" is not registered as a financial instruments business. It is said that he collected more than 8.5 billion yen from his house and ran a FX trading business.
However, of the funds transferred from investors, more than 300 million yen remained in the designated account as of the end of July this year, and nearly half of the collected funds, more than 4 billion yen, was held by Yamamoto. It means that the money was sent to a personal account.
On the 9th, based on the Financial Instruments and Exchange Act, the Supervisory Committee filed a petition with the Tokyo District Court to suspend representative Yamamoto's business.
The Surveillance Committee is calling for attention, as unregistered traders do not carry out transactions according to the contents of contracts, and troubles are occurring frequently.