Japan's FSA Orders moomoo Securities Partial Suspension, Halts New Accounts for 3 Months

According to ChainCatcher citing Nikkei, Japan's Financial Services Agency ordered moomoo Securities to suspend new account solicitation from June 19 to September 18, a three-month halt. The regulator also issued a business improvement directive. The suspension follows moomoo Securities' misconduct including providing false information about Japan's NISA (individual savings account system) to clients, deficient suspicious transaction screening, and inadequate cybersecurity measures. moomoo Securities is a Japan subsidiary of Futu Holdings.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments