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Tokyo Man Arrested for Insider Trading on Gonzo's GDH
posted on by Crystalyn Hodgkins
A Tokyo man was arrested on Thursday on charges of insider stock trading on an anime production company. Former Aozora Bank employee absorbed the anime studio and adopted the Gonzo name for itself in April of 2009.)
According to the charges, Matsubara had received confidential information on the anime production company's planned third-party allocation of shares in early December of 2006. He then allegedly bought 135 shares of the company's stock for 11.6 million yen ($124,000) between December 11, 2006 and January 19, 2007 — the day that GDH So-net Entertainment Corporation.
After the anime production company's stock rose, Matsubara allegedly sold his shares for several million yen (several tens of thousands of U.S. dollars) in profit in late January of 2007.
Sources: Tokyo Shimbun, Kyodo News, Sankei Shimbun via Japanator
