Action summary

Company

株式会社あすなろJapanese only

Original: 株式会社あすなろ

Governing law

Financial Instruments and Exchange Act

金融商品取引法

Action type

Recommendation

勧告

Action date

24 May 2024

Issuing authority

Securities and Exchange Surveillance Commission

証券取引等監視委員会

Industry context

投資助言・代理業

Violation

The company did not conduct investment advisory activities in good faith for clients. (1) Actions included informing specific clients of stock information and advising on buying and selling before the distribution of single-issue spot stocks. The company generally recommends purchasing one listed stock per week and distributes stock names and recommended purchase prices via email or its website at scheduled times (referred to as 'single-issue spot stocks'). Between May 2022 and March 2023, the head of investment advisory at the company, Manager Ko, engaged in inappropriate conduct with respect to at least six stocks for Client A and at least 16 stocks for Client B among 55 single-issue spot stocks distributed during that period, following this process: i. About a week before distributing a single-issue spot stock, Manager Ko decided on one stock for investment advice after internal review. ii. Before the stock's distribution, he advised two clients via smartphone messaging apps to buy the stock. iii. On the distribution day (before market opening), he advised the same clients to place limit sell orders near the upper limit of the recommended purchase price. iv. If the stock price did not rise to the sell limit, he advised lowering the limit to facilitate quick sale. v. The two clients sold the stocks after distribution, realizing profits of at least 2.39 million yen for Client A and 3.06 million yen for Client B. Additionally, from September 2022 to March 2023, Manager Ko, beyond the above, communicated to some clients the approximate price range of stocks before distribution without revealing the stock names, and immediately after distribution, he advised on placing market orders to buy the stocks, preparing clients to act quickly upon receiving the stock names.

This context is an operational aid for review workflows, not a credit opinion or legal conclusion.

Evidence pack

{
  "record": {
    "id": "e397b748-3ace-4696-8d44-f6cfbcd3e258",
    "url": "https://regbase.jp/en/enforcement/kinshoho-asunaro-20240524",
    "company_name_original": "株式会社あすなろ",
    "company_name_registry": null,
    "corporate_number": null,
    "law": {
      "ja": "金融商品取引法",
      "en": "Financial Instruments and Exchange Act"
    },
    "action_type": {
      "ja": "勧告",
      "en": "Recommendation"
    },
    "authority": {
      "ja": "証券取引等監視委員会",
      "en": "Securities and Exchange Surveillance Commission"
    }
  },
  "entity_match": {
    "status": "unresolved",
    "confidence": 60,
    "method": "extracted_japanese_name",
    "method_label": "Company name extracted from the Japanese public disclosure",
    "notes": "The linked company profile has not been verified under the current identity policy."
  },
  "review": {
    "status": "unreviewed",
    "label": "Machine extracted"
  },
  "compliance_context": {
    "severity": "Medium",
    "actionMeaning": "A regulator issued a recommendation or formal request for corrective action.",
    "practicalNote": "Review the facts and follow-up status. This is usually less severe than a suspension or revocation, but still a public enforcement signal.",
    "lawContext": "Financial markets law covering securities, investment services, disclosure, and market conduct."
  },
  "evidence": {
    "recordUrl": "https://regbase.jp/en/enforcement/kinshoho-asunaro-20240524",
    "officialSourceUrl": "https://www.fsa.go.jp/sesc/news/c_2024/2024/20240524-3.html",
    "officialDocumentUrl": null,
    "archiveUrl": "https://kiroku.today/a/0f4ca01419hdjuac",
    "archivedSourceUrl": "https://www.fsa.go.jp/sesc/news/c_2024/2024/20240524-3.html",
    "archiveCapturedAt": "2026-07-12T05:52:20.168305+00:00",
    "extractedAt": "2026-04-24T23:26:52.349+00:00",
    "translatedAt": "2026-05-01T06:44:12.798+00:00",
    "evidenceCheckedAt": "2026-04-24T23:26:52.349+00:00",
    "generatedAt": "2026-08-04T15:27:17.674Z"
  },
  "limitations": [
    "RegBase aggregates public Japanese government disclosures and does not provide a credit opinion.",
    "English summaries are provided for reference. The original Japanese source is authoritative.",
    "Possible or unresolved entity matches should be manually verified before use in a decision."
  ]
}

The original Japanese disclosure is the authoritative record. Use possible or unresolved matches only as leads for manual review.