Vague bad financial news is good Japanese news wrote: Japan financial watchdog says to penalise TSE
TOKYO, May 24 (Reuters) (0900 GMT)-The Financial Services Agency (FSA), Japan's financial watchdog, said on Monday it would announce administrative penalties against the Tokyo Stock Exchange, Japan's biggest bourse, at 6 p.m. .
Further details were not immediately available.
Eight hours later....
Japan Orders Public Companies Check
Mon May 24, 1:59 PM ET / Business - AP
TOKYO - Japan's financial regulator on Monday ordered the country's biggest stock exchange to carry out more thorough checks on public companies, after the Tokyo Stock Exchange failed to realize for more than two weeks that a listed real estate company's commercial license had been temporarily revoked.
It was only the second time ever that regulators had reprimanded a bourse in Japan, a Financial Services Agency said.
The FSA official, who declined to be identified, criticized the Tokyo Stock Exchange for lax oversight of Ardepro Co., a company that specializes in condominium sales and is listed on the exchange's MOTHERS market for small-capitalization
