Former Tokyo Stock Exchange employee and father convicted of insider trading

A former employee of the Tokyo Stock Exchange and his father were convicted of insider trading, marking a rare case that has shaken public confidence in Japan’s financial markets. The pair, found guilty of violating securities laws, will each serve 18 months suspended, with fines of ¥1 million each, and the father ordered to forfeit over ¥21 million. They are set to appeal the verdict on the same day.