Issuance of Warning Letter Records in Japan

A respondent engaged in the solicitation or private placement of interests in a foreign collective investment scheme and managed investment funds based on an investment management agreement. The Financial Instruments and Exchange Surveillance Commission filed a petition on June 19, 2026, to the court seeking an order to prohibit and suspend the respondent's acts of violating the Financial Instruments and Exchange Act by conducting unregistered solicitation, private placement, and fund management related to rights specified in Article 2, Paragraph 2, Items 5 and 6 of the Act.

Global Bridge Fund LLC engaged in the solicitation and private placement of securities called the Muse Marketing Fund Series, which are small-scale private bonds. The company explained the product details, application procedures, and deadlines to investors, and received compensation linked to the contract formation with the issuer. The issuer and the company stated they could not comprehensively confirm the explanations given to individual investors by third parties during solicitations.

Global Bridge Fund LLC engaged in the solicitation and private placement of securities called the Muse Marketing Fund Series, which are small-scale private bonds issued by the company. The company and its agents explained the product details, application procedures, and deadlines to investors, and received commissions linked to contract agreements with the issuer. They also stated that they could not comprehensively confirm the explanations provided to individual investors by third parties during solicitations.

The entity displayed that it conducts financial instruments business on a free email account, using the names [FSE Securities], [Fidelity Securities Exchange], and the registration number [Kanto Financial Bureau Director (Kinsho) No. 152], which was falsely claimed as the registration number of a financial instruments business operator. Fidelity Securities Co., Ltd., which is registered with the number [Kanto Financial Bureau Director (Kinsho) No. 152], has confirmed that it has no relation to the entity in question.

Engaged in investment advisory business through SNS and other platforms. The service provided by the business is called [IF-イフ-].

Global Bridge Fund LLC engaged in the solicitation and private placement of securities called the Muse Marketing Fund Series, which are small-scale private bonds issued by the company. The company or its agents explained the product details, application procedures, and deadlines to investors, and received compensation linked to the contract formation with the issuer. The issuer stated that it could not comprehensively confirm what explanations were given to individual investors during the solicitation by third parties.

Global Bridge Fund LLC was engaged in the solicitation or private placement of securities called the Muse Marketing Fund Series, which are small-scale private bonds issued by the company. The entity provided explanations about the product details, application procedures, and deadlines, and received compensation linked to the contract formation with the issuer. The issuer stated that it could not comprehensively confirm what explanations were given to individual investors during solicitations by other parties.

The entity was found to be managing funds received from investors by operating collective investment schemes such as RSP (Regular Savings Plan) formed by the entity, accepting investments from general investors, and managing the invested assets as securities.

Global Bridge Fund LLC was involved in soliciting or handling the private placement of securities called the Muse Marketing Fund Series, issued by the issuer. The company claimed that it only provided factual information about the product as part of consulting services. However, in reality, it explained details such as interest rates, bond issuance, application procedures, and deadlines, and received indirect compensation linked to the contract of the product from the issuer. The issuer also stated that it could not comprehensively confirm what explanations were given to individual investors during solicitations by third parties.

The entity displayed on its website and social media that it conducts financial instruments business, specifically handling the solicitation of securities.

An entity displayed on its website that it conducts financial instruments business, falsely claiming registration numbers and classifications with the Kanto Financial Bureau, and falsely representing itself as a registered financial instruments business under Capstone Japan Limited.

A company displayed on social media that it conducts financial instruments business and claimed to handle securities offerings. The company also displayed a license indicating it is registered as a financial instruments business operator, with a registration number and company name, but it falsely claimed to be registered and used a registration number and company name that were not genuine.

The entity displayed on its website and social media that it conducts financial instruments business, claimed to handle securities offerings, and falsely used the names 'Cantor Fitzgerald' and 'キャンター・フィッツジェラルド' to impersonate a registered financial instruments business operator. It also used fictitious service names such as 'CF取引口座' and 'CF'.

The entity displayed that it conducts financial instruments business on its website and social media. It also claimed to handle securities offerings and falsely represented itself as CIM Japan Corporation, with a registration number of Kanto Finance Bureau (Kinsho) No. 3159, misrepresenting its registered name and registration details.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The services provided by the company are named [FOREXstock, FOREXstockLimited].

The operator displayed on SNS that it conducts financial instruments business, showing the trade name Viking Global Investors L.P., registration category as financial instruments business operator, registration number as Kanto Finance Bureau License No. 132272, and membership in the Japan Securities Dealers Association. It also displayed the name Viking Global Investors on SNS, falsely claiming to be an American investment management company. Additionally, the operator indicated on SNS that it handles securities offerings.

Engaged in investment advisory activities through SNS and other platforms based on an investment advisory contract. The service provided by the operator is called [AI Referee].

The operator displayed on social media that they conduct financial instruments business, falsely claiming to be associated with SUSQUEHANNA, SIG Group, and SUSQUE institutional accounts, and indicated they handle securities offerings. They also falsely claimed to be registered as a high-speed trading operator with the Kanto Financial Bureau, displaying the registration number and business name, and falsely claimed involvement in IPO allocations despite being unable to do so.

Engaged in investment advisory activities through SNS and other platforms based on an investment advisory contract. The service provided by the entity is called [Yūbōkabu Jidō Sentē AI Selection - Selection -].

An entity provided investment advisory services through SNS under an investment advisory contract. The services offered were named [Hitomi-AI- and Kyuuto Nihon Kabuki Kaitai Shinsho].

The company displayed on its website that it conducts financial instruments business and falsely claimed registration numbers and titles, including [Kanto Financial Bureau Director (Kinsho) No. 3434] and [Financial Instruments Business (Investment Management)]. The registration number [Kanto Financial Bureau Director (Kinsho) No. 3434] belongs to Monterey Capital Management Japan Corporation, which is a registered financial instruments business operator.

Engaged in investment advisory activities through SNS and other platforms based on an investment advisory contract. The service provided by the operator is called 'High-Performance AI Stock Software [Kabu-Kaku-In - 24 -]'.

The operator displayed that they conduct financial instruments business on SNS and falsely claimed to be BNP Paribas Asset Management, a registered financial instruments business operator.

The operator displayed on their website that they conduct financial instruments business and falsely claimed to be Harrington Cooper LLP, a registered financial instruments business operator.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [Bull360].

A business was soliciting over the internet for over-the-counter derivative transactions using a service called [theoption], which has the same name as a service provided by [TCG holdings Ltd.] that was warned about in June 2017. The relationship between this business and the warned companies is unknown, but their locations are similar or nearly identical to those of other warned companies.

The respondent engaged in soliciting or handling private placements of interests in a foreign collective investment scheme and mediating the conclusion of investment discretionary contracts. The Financial Services Agency filed a petition on March 31, 2026, to the court seeking an order to prohibit and suspend the respondent's acts of violating the Financial Instruments and Exchange Act by conducting unregistered solicitation, handling of private placements, and mediating the conclusion of investment discretionary contracts related to rights listed under Article 2, Paragraph 2, Items 5 and 6 of the Act.

The operator displayed that they conduct financial instruments business on SNS and falsely claimed to be BNP Paribas Securities Co., Ltd., a registered financial instruments business operator.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the entity is called [KuCoin].

The respondent was involved in soliciting or privately offering interests in a foreign collective investment scheme and mediating the conclusion of investment discretionary contracts. The Financial Services Agency filed a petition with the court on March 31, 2026, to prohibit and suspend the respondent's activities related to unregistered dealings in rights under the Financial Instruments and Exchange Act, specifically regarding the solicitation, private offering, and mediation of investment discretionary contracts.

Engaged in soliciting over the internet for over-the-counter derivative transactions. The service provided by the operator is named [GTCFX].

The entity displayed on its website that it conducts financial instruments business, falsely claiming to be registered as Laurel Advisory Sàrl with registration number Kanto Finance Bureau Director (Kinsho) No. 3361, thereby misrepresenting the name of a registered financial instruments business operator.

The Kanto Local Finance Bureau inspected Yamabiko Investment Advisory Co., Ltd. and found that the company, with Mr. Akira Yamada as its ultimate controller, was offering a paid membership service called [Platinum Member] and conducting investment advisory business based on an investment advisory contract.

An entity engaged in investment advisory business was found to have conducted such business without registration following an inspection by the Kanto Local Finance Bureau.

The respondent engaged in soliciting or handling private placements of interests in a foreign collective investment scheme and mediating the conclusion of investment discretionary contracts. The Financial Services Agency filed a petition on March 31, 2026, to prohibit and suspend the respondent's activities for violating the Financial Instruments and Exchange Act by conducting unregistered solicitation and mediation of rights specified under Article 2, Paragraph 2, Items 5 and 6 of the Act.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [Kizuna Holdings JP].

A person engaged in investment advisory business was found, through an inspection by the Kanto Local Finance Bureau, to have provided advice related to over-the-counter derivatives transactions unrelated to securities brokerage activities and received compensation from clients.

Engaged in soliciting over the internet for over-the-counter derivatives trading. The service provided by the entity is called [Shibuya Capital FX].

The authorities issued warnings to multiple companies for soliciting over the internet for over-the-counter derivative transactions under the service names BXB Market and BXBマーケット, with some companies having similar or identical addresses.

The company displayed on its website that it conducts financial instruments business, falsely claiming to be registered as a financial instruments business operator with the name [A.P. Asset Management Co., Ltd.], and falsely claiming registration details such as the registration number [Kanto Finance Bureau Director (Kinsho) No. 2785].

The company displayed on SNS and its website that it conducts financial instruments business, claiming registration with the Financial Services Agency of Japan and listing its registration number. It also indicated on these platforms that it handles securities offerings. The registration number corresponds to RBC Capital Markets Japan Limited, a registered financial instruments business operator.

The entity displayed that it conducts financial instruments business on its website and falsely claimed to be registered as [ECP Management Asia. LLC] and [ECP Management], which are the registered business names of a financial instruments business operator.

An entity solicited over-the-internet for over-the-counter derivatives trading using the service name [Berrypax]. The relationship between this entity and the listed companies is unknown, but the addresses of these companies are similar or nearly identical.

The entity was soliciting over the internet for over-the-counter derivative transactions using the service name [Skadeva]. The relationship with the listed entities is unknown, but their locations are similar or nearly identical to those of other warned entities.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [BCR].

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [Shogun Markets].

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [Block Bridge].

A company was soliciting over the internet for over-the-counter derivative transactions using services named Axia, Axia, Axia Trade, and Axia Trade. The relationship with the company is unknown, but its location is similar or nearly identical to those of other warned entities.

The entity displayed on social media that it conducts financial instruments business, claiming to be 'Arian Bernstein Corporation' with registration number 'Kanto Financial Bureau Director (Kinsho) No. 303'.

The entity displayed that it conducts financial instruments business on its website, claimed to handle securities offerings, and falsely represented itself as a registered high-frequency trading operator involved in IPO allocations. It also falsely claimed that EAGLE SEVEN is one of the largest and most successful proprietary trading companies.

An individual was found to be handling the solicitation or private placement of deemed securities without proper registration.

The entity displayed that it was engaged in financial instruments business on social media and falsely claimed the registration number [Kanto Finance Bureau Director (Kinsho) No. 392], which belongs to PGIM Japan Co., Ltd., a registered financial instruments business operator.

The entity displayed on its website that it conducts financial instruments business, showing its trade name, registration category, registration number, and affiliated association. It also indicated on its website and social media that it handles securities offerings.

A company displayed that it conducts financial instruments business on its website and falsely claimed to handle securities offerings. It also displayed the company name 'Optiver Australia Pty Limited' and registration number 'Kanto Finance Bureau Director (High-Speed) No. 6, June 22, 2018', falsely representing itself as a registered high-speed trading operator. Despite being unable to participate in IPO allocations, it falsely claimed involvement in IPO distribution.

The entity displayed on its website that it conducts financial instruments business, and also indicated that it is an 'Investment Advisory Business' and a member of the Japan Investment Advisers Association.

The entity displayed that it conducts financial instruments business on its website, claimed to handle securities offerings, and falsely represented that it could provide services to Japanese customers through Two Sigma Securities. It also impersonated a registered high-frequency trading operator and falsely claimed involvement in IPO allocations.

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [Bullfxo]. The relationship between this business and other warned entities, which have similar or identical addresses, is unknown.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the operator is called [FIXIO, Fikushio].

An entity engaged in soliciting over-the-counter derivative transactions via the internet. The service offered is called FXGT.com, which is similar to FXGT offered by 360 Degrees Markets Ltd., warned on June 29, 2020. The relationship between the entities is unknown, but the location is similar or nearly identical to that of Errante Securities (Seychelles) Ltd, warned on August 28, 2025.

The operator displayed on their website that they conduct financial instruments business, falsely claiming to be registered as a high-frequency trading operator with the name 'Issar Limited', registration number 'Fukuoka Finance Bureau Director (Kinsho) No. 100', and membership number '102-00121' with the Japan Investment Advisers Association, thereby misrepresenting their registration details.

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [WM Markets]. The relationship with this business is unknown, but its location is similar or nearly identical to those of several other warned entities.

A company displayed on its website that it conducts financial instruments business and claimed to handle securities offerings. It also falsely represented its name as Virtu Financial Singapore Pte. Ltd. and provided a registration number from the Kanto Financial Bureau, falsely claiming to be a registered high-speed trading operator. Despite being unable to participate in IPO allocations, it falsely claimed involvement in IPO distribution.

A business operator displayed on SNS that they conduct financial instruments business, claiming to handle securities offerings and falsely representing registration details such as the registration number and business name of a registered high-speed trading operator. The operator also falsely claimed involvement in IPO allocations despite being unable to do so.

The operator displayed on social media that they conduct financial instruments business, falsely claiming to be [Scientech] and [SCNT], and indicated they handle securities offerings. They also falsely claimed involvement in IPO allocations despite being unable to do so.

A business operator displayed on SNS that it conducts financial instruments business, claiming to handle securities offerings and falsely representing registration details such as the registration number and business name of a registered high-speed trading operator. The operator also falsely claimed involvement in IPO allocations despite being unable to do so.

The entity mediated over-the-counter derivative transactions via the internet. The website operated by the entity is named [FXplus].

The entity displayed on its website that it conducts financial instruments business and had completed registration for a financial business license (investment advisory and agency) in April 2021.

A business displayed on SNS that it conducts financial instruments business, claiming to handle securities offerings and displaying a license with a registration number and company name, falsely claiming to be registered as a Type 1 Financial Instruments Business Operator. It also falsely claimed involvement in IPO allocations.

A business operator displayed on SNS that it conducts financial instruments business, claiming to handle securities offerings and falsely representing registration details such as the registration number and business name of a registered high-speed trading operator. The operator also falsely claimed involvement in IPO allocations despite being unable to do so.

The company displayed on its website that it conducts financial instruments business, and falsely claimed to be registered as a financial instruments business operator with the Kanto Financial Bureau (FIBO No. 687), under the name 'Cook Pine Capital LLC' and 'Cook Pine Capital is an investment advisory company registered with the Japanese Ministry of Finance.'

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the company is called [Neex].

An entity solicited over the internet for over-the-counter derivative transactions under the service name [TigerFX]. The relationship with this entity is unknown, but its location is similar or nearly identical to those of the following warned entities: [Midori FX (Pty) Ltd], [ZT Markets Limited], [Quality FX Ltd], [Gradian LTD], [Amazingtick Limited], and [LIRUNEX LIMITED].

An entity was soliciting over the internet for over-the-counter derivative transactions using the service name [DecodeFX]. The relationship with this entity is unknown, but its location is similar or nearly identical to those of the following warned entities: Gleneagle Securities Pty Limited, ThreeTrader Global Limited, ACY Capital Australia Limited, and Performance Ronnaru Capital Ltd.

The entity displayed on its website that it conducts financial instruments business and listed various licenses and classifications.

The operator displayed that they conduct financial instruments business on SNS and falsely claimed to be [New Mountain Capital], a registered financial instruments business operator.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the operator is called [UTrada].

The operator displayed on their website that they conduct financial instruments business, including registration details and types of financial business.

The entity displayed that it conducts financial instruments business on SNS and showed [Kanto Finance Bureau Director (Kinsho) No. 205] on SNS.

The entity displayed that it conducts Financial Instruments Business on its website, showing the registration as [Financial Instruments Business / Hokkaido Financial Bureau Director (Kinsho) No. 52], which does not exist.

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [Savexa]. The relationship with this business is unknown, but it has a similar or identical location to several other warned entities.

The operator displayed on their website that they conduct financial instruments business, claiming to be a Type 1 Financial Instruments Business Operator and Wells Fargo Securities, registered with the Kanto Financial Bureau (registration number 1655). They falsely claimed to be a registered financial instruments business operator and misrepresented the business name and registration number.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the entity is called [ShinjukuFX].

The entity displayed that it conducts Financial Instruments Business on its website, showing the registration as [Financial Instruments Business / Hokkaido Financial Bureau Director (Kinsho) No. 52], which does not exist.

The company displayed that it conducts financial instruments business on its website, indicating [Type 1 Financial Instruments Business] and [Investment Advisory and Agency Business].

Engaged in soliciting over the internet for over-the-counter derivative transactions. The service provided by the operator is called [Errante, Erante].

The entity displayed on social media that it conducts financial instruments business, claiming to be registered with the Kanto Local Finance Bureau as a financial instruments business operator with registration number No. 2607, under the name 'Portfolio Advisors'. It falsely represented the trade name and registration number of the registered financial instruments business operator.

The entity displayed a statement on its website indicating it conducts financial instruments business, showing the registration number [Kanto Local Finance Bureau Director (Foreign) No. 46].

An entity was soliciting over the internet for over-the-counter derivative transactions using the service name [TopFX]. The relationship between this entity and the warned companies [OnEquity Ltd], [FinPros Financial Ltd], and [PU Prime Limited], which have been warned on specified dates, is unknown, but their locations are similar or nearly identical.

Engaged in soliciting over the internet for over-the-counter derivatives trading. The service provided by the company is called [Exclusive Capital].

The company displayed that it conducts financial instruments business on its website, showing the registration number [Kanto Local Finance Bureau Director (Foreign) No. 41]. The notation [Kanto Local Finance Bureau Director (Foreign) No. ●] was used until 2006 as a registration number for foreign securities businesses, but this is no longer used following the abolition of the law concerning foreign securities businesses in 2006. Currently, under the Financial Instruments and Exchange Act, all foreign securities businesses are registered with the notation [Kanto Local Finance Bureau Director (Kinsho) No. ●].

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [TradGrip]. The relationship with this business is unknown, but its location is similar or nearly identical to those of several warned entities, including Proxtrend Ltd, DAM Group Ltd, Fxonet Ltd, Nakito SA, Swift Trader Ltd, Robertson Finance Inc., DataWave Tech Ltd, and Revollet International Limited.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the operator is called [MEXC].

A company was soliciting over the internet for over-the-counter derivative transactions using the service names [OXShare, OX Share]. The relationship between this company and other warned entities is unknown, but the addresses are similar or nearly identical to those of the following companies that have been warned: StarLight Wave Ltd, Bosa Finance and Technology Ltd, DataWave Tech Ltd, ExpertPro Ltd, Apex mkt Ltd, and Tomorrow Technologies Ltd.

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [Proxtrend, Proxtrend]. The relationship with this business is unknown, but it is similar or identical in location to several other warned entities.

Engaged in solicitation of over-the-counter derivative transactions via the internet. The service provided by the operator is called [Bitget].

The operator mediated over-the-counter derivative transactions via the internet. The websites operated by the operator are [Minna de Kaigai FX] and [Minna de Cashback].

Engaged in soliciting over the internet for over-the-counter derivative transactions. The services provided by the entity are named [LBank, LBank Exchange].

A business was soliciting over the internet for over-the-counter derivative transactions under the service name [MIDORI FX]. The relationship between this business and the following warned entities is unknown, but some of their addresses are similar or nearly identical: [ZT Markets Limited], warned on April 25, 2025; [Quality FX Ltd], warned on December 26, 2024; [Gradian LTD], warned on November 27, 2024; [Amazingtick Limited], warned on October 25, 2024; [LIRUNEX LIMITED], warned on April 25, 2024.

The company displayed on its website that it conducts financial instruments business, and falsely claimed to be [Airsie Securities Co., Ltd.], with registration number [Kanto Local Finance Bureau Director (Kinsho) No. 33 (registered September 30, 2007)] and membership in the [Japan Securities Dealers Association], falsely representing itself as a registered financial instruments business operator.

A business was soliciting over the internet for over-the-counter derivative transactions using the service name [DAM FOREX]. The relationship with this business is unknown, but its location is similar or nearly identical to those of the following warned entities: [Fxonet Ltd], [Nakito SA], [Swift Trader Ltd], Robertson Finance Inc., [DataWave Tech Ltd], and [Revollet International Limited].