Market Manipulation | Japan Exchange Group

This page provides information about preventing market manipulation by Japan Exchange Group. Market manipulation involves consciously causing artificial price changes, misleading others by presenting them as natural supply and demand outcomes, and profiting from such fluctuations. These activities hinder fair price formation and cause unexpected investor losses, thus prohibited under the Financial Instruments and Exchange Act. Violators face criminal prosecution or administrative monetary penalty recommendations by the Securities and Exchange Surveillance Commission. Examples include false transactions and collusive transactions.