www.fsa.go.jp/sesc/news/c_2020/2020/20200414-1.html

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株式会社IGMフィナンシャルグループに対する検査結果に基づく勧告について：証券取引等監視委員会

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https://www.fsa.go.jp/sesc/news/c_2020/2020/20200414-1.html

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This page announces a recommendation issued by the Securities and Exchange Surveillance Commission against IGM Financial Group based on inspection results. The company engaged in unlawful solicitation of investment advisory contracts by distributing misleading newsletters and website content showing false performance records. It falsely claimed profits from transactions that resulted in losses and listed stocks it had not advised on. Additionally, the company's severely weak personnel structure, with only three staff members not properly engaged in operations, and lack of compliance framework, rendered it incapable of properly conducting investment advisory business. Administrative action recommendations were therefore issued.