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You could not have recognized this, however there was an investigation occurring in Japan with regard to Sq. Enix. You see, the corporate is beneath investigation for insider buying and selling in relation to a brand new Dragon Quest recreation.
To this point, Taisuke Sazaki and Fumiaki Suzuki have been arrested for buying inventory in Japanese developer Aiming simply earlier than Sq. Enix introduced a brand new Dragon Quest recreation. Effectively, former Sq. Enix worker and Sonic the Hedgehog creator Yuji Naka has now been arrested too.
Yuji Naka is accused of buying roughly 10,000 shares of Aiming inventory for round 2,800,000 yen, or $20,000, simply earlier than Drgaon Quest Tact was introduced. This was when Naka was nonetheless working for Sq. Enix for Balan Wonderworld.
It’s being suspected that every one 3 people could have deliberately used insider info to promote the inventory once more at a later date, when the inventory’s worth elevated. In the meantime, Sq. Enix has issued a press release, saying that they’ve been cooperating with all events concerned with conducting the investigation, together with the Tokyo District Public Prosecutors Workplace and Securities and Change Surveillance Fee. Sq. Enix additionally stated that “we deeply remorse the good concern this has brought about to all involved. We’ve handled this incident strictly, together with inside disciplinary actions taken in opposition to the suspected workers”.
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