International Securities & Commodities Alerts Network (I-SCAN) - Unknown (Misrepresentation of the trade name of a registered high-speed trader, such as “Virtu Financial Singapore Pte. Ltd.”)
| Warning ID: | 47562 |
|---|---|
| National Competent Authority (NCA): | Japan - Financial Services Agency |
| Date Published At NCA: | 2025-11-27 |
| Date Published At IOSCO: | 2026-01-06 |
| Last Updated: | 2026-01-06 |
| NCA URL: | https://www.fsa.go.jp/ordinary/chuui/mutouroku/04.html |
| Commercial Name: | Unknown (Misrepresentation of the trade name of a registered high-speed trader, such as “Virtu Financial Singapore Pte. Ltd.”) |
| Category: | Unregistered/Unlicensed entity offering financial products or services |
| Additional Information: | 1. Location of office or Address Unknown 2. Content, etc. of Business Indication on the corporate website that the company conducts financial instruments business without the statutory registration in Japan 3. Notes The company misrepresents on the web site indicating “We handle securities offerings.”. Furthermore, The company misrepresents itself as a registered financial instruments business operator on the website indicating such as “会社名:Virtu Financial Singapore Pte. Ltd.”, “登録番号: 関東財務局 関東財務局長（高速）第２号 平成30年6月21日”, which mean “Company Name: Virtu Financial Singapore Pte. Ltd.” and ”Registration Number: Kanto Local Finance Bureau (High-Speed) No. 2, 21 June 2018”, thereby fraudulently using the trade name of a registered high-speed trader and the registration number issued by the Local Finance Bureau. Although high-speed traders are not permitted to participate in IPO allocations, the company provides misleading explanations suggesting it participates in IPO share allocation. |
