www.fsa.go.jp/sesc/news/c_2024/2024/20240514-1.html

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アヴァトレード・ジャパン株式会社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_2024/2024/20240514-1.html

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This page announces a recommendation by the Securities and Exchange Surveillance Commission regarding inspection findings on Avatrade Japan Co., Ltd. The company's representative director falsified customer data to conceal deteriorating stress test results from May 2021 to August 2022. At least 37 days of stress tests were conducted using manipulated data with large client information deleted, and false results were reported. The violation stemmed from lack of governance and internal controls. The case was referred for administrative action under the Financial Instruments and Exchange Act.