It has been long pointed out that in Japan, the volume of stock trading abnormally expands ahead of the announcement of large new share issues due apparently to such short-sellers trading on insider information
and others following suit.
According to the indictment, Li obtained insider information
that major drugmaker Eisai Co.
According to prosecutors, Uchida, who formerly headed a designing firm, obtained insider information
in May 2005 from the then president of Sapporo-based Homac Corp.
Favorite pastimes definitely do not include surfing the Web.
The study plan envisages stock exchanges collecting related data and letting securities companies refer to them in order to prevent deals based on insider information
, they said.
When young, Fernandez and his friends knew the works of Peruvian freedom fighter and social reformer Victor Raul Haya de Ia Torre by heart.
Prosecutors suspect the two used insider information
to earn 160 million yen when they sold 105,000 Nippon M.