www.fsa.go.jp/sesc/news/c_2023/2023/20230609-2.html

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株式会社千葉銀行に対する検査結果に基づく勧告について

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https://www.fsa.go.jp/sesc/news/c_2023/2023/20230609-2.html

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This page describes the Securities and Exchange Surveillance Commission's recommendation regarding Chiba Bank's inspection results. Chiba Bank improperly solicited customers to purchase structured bonds through its financial product intermediary business with Chibagi Securities without confirming customer attributes, violating investor protection principles. The bank's internal management system was inadequate, with numerous complaints remaining unaddressed. Management failed to recognize employees were exceeding permitted explanations to achieve sales targets. The bank's governance was insufficient, and appropriate operational systems were not established. The recommendation for administrative action was issued due to investor protection concerns.