The tough fines and prison terms being doled out to those at the center of the scandal are sending a strong message about the growing effort to crack down on companies testing what are still gray areas in this nation for regulations on stock trading.
Friday, March 23, 2007
Livedoor could be led out the door
Looks like Japan is not messing around when it comes to dealing with the recent problems with Livedoor and securities laws. They've been hit with one of the largest fines in history of 280 million yen, which is $2.4 million in US dollars. Japan is also not messing around when it comes to putting some of these executives responsible in jail. More information can be found in this AP News piece but the basic message behind this:
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