The is a Japanese commission which comes under the authority of the

Financial Services Agency The is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operates ...

. It is responsible for “ensuring fair transactions in both securities and financial futures markets.” Its current Chairman is Mitsuhiro Hasegawa, who assumed the post in 2017. There are two chairmen, Shinya Fukuda, and Masayuki Yoshida.

History

The SESC was formally established on July 20, 1992, in the wake of a number of 1991 scandals related to securities companies. In June 1998, the Financial Supervisory Agency and the SESC were split off from the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

, and the Financial Supervisory Agency became the Financial Services Agency.

Structure

The SESC has five objectives, and a division to handle each one: * Market Surveillance * Compliance Inspection * Disclosure Document Inspection * Administrative Civil Monetary Penalties Investigation * Enforcement-Investigation and Filing Criminal Charges

Criticisms

Unlike the U.S. Securities and Exchange Commission, the SESC doesn't have the power to punish those who violate the law or regulations. Instead, it reports its findings to the cabinet, prosecutors, and the

with recommendations. In addition to which, it has been described as understaffed - as of 2004, the SESC had 444 staff, as compared to 3100 at the US SEC. The total number of SESC staff had increased to 697 as of fiscal year 2010.SESC websit
Organization
Retrieved on July 13, 2012

References

External links

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

Cabinet Office (Japan)

Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through ancestry or culture ** Japanese diaspor ...

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